$SOL /USDT TECHNICAL ANALYSIS – BEARS ARE APPLYING PRESSURE, DOWNSIDE RISK AHEAD 📉
Market Next Move (Bearish Bias):
$SOL /USDT is showing clear bearish pressure after failing to hold above the 148–149 resistance zone. Price is currently hovering near 143 support, indicating weak buying interest and potential continuation to the downside. Lower highs on the intraday timeframe and rejection from resistance suggest sellers are in control, and a breakdown below support could accelerate the move.
📌 Trade Setup (Short Position)
Entry (Short): 143.0 – 144.0
Stop Loss (SL): 148.80
Take Profit (TP1): 139.50
Take Profit (TP2): 135.80
Take Profit (TP3): 131.50
📉 Risk-to-reward remains favorable as long as price stays below the 148 resistance.
🔍 Short Market Outlook
Overall sentiment remains cautiously bearish in the short term. Unless SOL reclaims and holds above 149, rallies are likely to face selling pressure. A confirmed breakdown below 143 could open the door for deeper retracements, while only a strong bullish reclaim would invalidate this setup.
#SOL #SOLUSDT #CryptoAnalysis #BearishSetup #TradingSignals $SOL
