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🔥 $SOL Short-Term Breakdown Setup?
$SOL is showing signs of weakness after rejecting the 92.0 – 92.5 resistance zone. Price failed to sustain above 90 and is now printing lower highs on the 15m timeframe — a classic short-term bearish structure.
📉 Trade Idea (Scalp Setup)
🔹 Entry: 87.5 – 88.2
🔹 Stop Loss: 90.2
🔹 TP1: 86.0
🔹 TP2: 84.8
🔹 TP3: 83.9
As long as 90 remains strong resistance, downside continuation looks more probable. Momentum is shifting, and sellers are defending the highs.
⚠️ Watch for:
• Reclaim of 90 = potential invalidation
• Volume spike on breakdown
• BTC correlation for broader market direction
Risk management is key — don’t overleverage. Let the setup play out.
Are you shorting this move or waiting for confirmation? 👀
Disclaimer:
This post is for educational and informational purposes only and does not constitute financial advice. Cryptocurrency trading involves significant risk. Always conduct your own research (DYOR) and manage risk accordingly.
#SOL #Crypto #Trading #BinanceSquare
$SOL