Short $SOL
Entry: 86.0 – 89.0
SL: 93.0
TP1: 82.8
TP2: 78.2
TP3: 73.6
SOL is trading inside a broader corrective structure after failing to sustain higher levels. Price is currently reacting near a supply zone around 86–89, where prior distribution and rejection occurred.
The recent upside push looks like a relief rally rather than a full trend reversal. Momentum is slowing into resistance, increasing the probability of downside continuation.
Structure outlook:
• Lower high formation near resistance
• Supply zone around 86–89
• 82.8 acting as immediate support
• Loss of 82 opens continuation toward 78 and potentially 73.6
Unless price reclaims and holds above 93, this bounce remains vulnerable to further downside.
Momentum favors sellers while short-term structure remains weak.
Risk management first — wait for confirmation before full exposure.
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