The current Solana trading reveals a significant break in the critical zone, with the price retreating after failing to hold highs around $96-97. This movement represents a notable technical turning point, with selling pressure intensifying and creating opportunities for experienced traders.
Technical Breakdown of the Break
The break below key SOL support levels indicates a progressively weakening technical setup. After testing higher resistance levels, the asset showed clear rejection, suggesting buyers were unable to maintain their positions. The price structure now exhibits well-defined bearish characteristics, with each high being lower than the previous one.
Momentum is clearly favoring sellers at this moment. Market dynamics suggest a continuation of the downward move, opening the door for further retracements toward deeper supports. Current volatility reflects investor uncertainty in holding long positions at these levels.
Short Setup in Development
For traders looking to capitalize on this weakness, the following technical setup offers an entry with attractive risk-reward:
Trade Parameters:
Entry Zone: $94.90 – $95.20 USDT
Stop Loss: $96.20 USDT
First Target (TP1): $94.00 USDT
Second Target (TP2): $93.20 USDT
Third Target (TP3): $92.50 USDT
The asset (SOLUSDT in perpetual market) appears poised to continue its downward movement in smaller rallies, making it suitable for short-term sell positions.
Risk Management and Outlook
Traders executing this strategy should strictly monitor the established stop loss levels. The strength of the support break confirms that selling pressure remains dominant. With the price trading around $86.42 and recording an 8.23% gain in the last 24 hours, current volatility still offers profit opportunities for well-structured shorts.
The current scenario suggests SOL may continue its decline before consolidating at lower levels, reinforcing the case for well-calibrated technical operations.
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SOL Faces Critical Support Break: Bearish Scenario in Formation
The current Solana trading reveals a significant break in the critical zone, with the price retreating after failing to hold highs around $96-97. This movement represents a notable technical turning point, with selling pressure intensifying and creating opportunities for experienced traders.
Technical Breakdown of the Break
The break below key SOL support levels indicates a progressively weakening technical setup. After testing higher resistance levels, the asset showed clear rejection, suggesting buyers were unable to maintain their positions. The price structure now exhibits well-defined bearish characteristics, with each high being lower than the previous one.
Momentum is clearly favoring sellers at this moment. Market dynamics suggest a continuation of the downward move, opening the door for further retracements toward deeper supports. Current volatility reflects investor uncertainty in holding long positions at these levels.
Short Setup in Development
For traders looking to capitalize on this weakness, the following technical setup offers an entry with attractive risk-reward:
Trade Parameters:
The asset (SOLUSDT in perpetual market) appears poised to continue its downward movement in smaller rallies, making it suitable for short-term sell positions.
Risk Management and Outlook
Traders executing this strategy should strictly monitor the established stop loss levels. The strength of the support break confirms that selling pressure remains dominant. With the price trading around $86.42 and recording an 8.23% gain in the last 24 hours, current volatility still offers profit opportunities for well-structured shorts.
The current scenario suggests SOL may continue its decline before consolidating at lower levels, reinforcing the case for well-calibrated technical operations.