Solana (SOL/USDT) – Short Opportunity on 15-Min Chart

Aug 14

SOL/USDT has shown an extended bullish rally, but the recent price action indicates potential short-term exhaustion. On the 15-minute chart, price rejected from the recent high near $209.50, breaking below the immediate support zone and triggering a short setup.

Setup Details:

Entry: Current levels near $206.90

Stop Loss: Above $209.50 (previous swing high)

Target Zone: Around $203.40 (previous support area marked in purple)

This move aligns with an intraday pullback strategy, with risk defined and reward targeting the prior support flip. A decisive break below the purple support line could accelerate downside momentum.

Aug 14

Trade active

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