🔍 Market Overview: Solana ($SOL ) is showing signs of continued weakness, currently trading around $148.53, reflecting a -1.94% dip. After failing to regain control above the $152 resistance zone, the market leaned bearish, with price action drifting toward the daily low near $141.53, signaling that sellers are tightening their grip.
📊 Key Technical Zones: 🔼 Resistance: $150 – $152 🛡️ Support Levels: Minor – $146 | Major – $142 📍 Spot Price: $148.53
📉 Bearish Trade Idea:
Entry Zone: Between $148.50 – $150.00
Profit Target 1 (TP1): $146.00
Profit Target 2 (TP2): $142.00
Stop Loss (SL): $153.00
⚠️ Risk Strategy: Limit exposure to 1-2% of total capital per trade. Stay disciplined with your stop-loss, and aim for a minimum 1:2 reward-to-risk ratio. Avoid impulsive decisions, especially in volatile conditions.
💣 The current trend lacks bullish strength—wait for confirmation before entering. Let the market come to you. 🧠📉
Bitcoin Shows Strong Bearish Momentum $BTC entered a noticeable downtrend yesterday, aligning with our earlier swing trade projection. After hovering below the resistance area near 106,700 for a while, the market initiated a sharp decline, already reaching our first target. Currently, the price might stabilize briefly around the 103,500 to 104,000 range before potentially continuing its downward movement, with the next targets set at 97,800 and 94,000 as illustrated in the chart. For more insights, please refer to the attached chart. Thanks for your support and best of luck with your trades! ❤️ If you found this analysis helpful, feel free to like or comment — your support means a lot! ❤️ $BTC