$SOL — BEARISH CONTINUATION LIKELY, DOWNSIDE TARGETS NEARBY 📉
SOL has faced persistent selling pressure after rejection near the 109–110 resistance zone, signalling that bears are still firmly in control. Price action shows a struggle to reclaim higher levels, and the short-term structure remains skewed to the downside. �
CoinCheckup
Trade Thesis:
As long as SOL fails to hold above key resistance and continues breaking near-term supports, short continuation plays are favorable. The path of least resistance points lower into structural support zones.
🔥 TRADE SETUP — SHORT
Entry Zone (Aggressive / Pullback):
▶️ 104 – 106 — wait for confirmed selling momentum
Targets (TP):
➡️ TP1: 100 — first support beneath price
➡️ TP2: 96 — deeper supply exhaustion zone
Stop-Loss:
⛔ 106 (above resistance)
Risk Management:
⚖️ Keep risk < 2% of total capital per trade — adjust position size based on volatility and stop distance.