$SOL Faces Resistance After Rejection
🔍 Technical Breakdown: SOL/USDT
Following a recent rally, SOL has encountered significant resistance in the $82.50–$83.50 range. The inability to sustain momentum at these levels indicates potential exhaustion and a possible liquidity absorption event, often preceding a reversal.
Key observations suggest a shift in market structure:
· Momentum indicators across lower timeframes are decelerating.
· Repeated failure to convert resistance into support points to underlying weakness.
· A decisive break below immediate levels could accelerate a move toward lower liquidity pools.
Trade Thesis:
A rejection from a confirmed resistance zone, coupled with a deteriorating internal structure, presents a defined short opportunity. The trade premise remains invalidated if SOL reclaims the $85 threshold.
---
Position Details
· Asset: SOL/USDT (Perpetual)
· Direction: Short
· Leverage Suggestion: 1X – 50X (Risk-Adjusted)
· Entry Zone: $82.50 – $83.50
· Take-Profit Targets:
· TP1: $80.00
· TP2: $77.50
· TP3: $74.80
· Stop-Loss: $85.20