📉 SOL/USDT - Short Setup (1H TF)
Price has tapped into a significant resistance zone around $179–$185, where it faced immediate rejection. This zone aligns with multiple supply levels and previous price reaction areas. The current rejection hints at a possible short-term reversal or retracement.
🔻 Entry: $179.29 (resistance rejection)
🎯 Target 1 (TP1): $174.90
🛑 Stop Loss: $185.77
📊 Risk/Reward Ratio: Favorable (~1:2)
🔍 Technical Highlights:
• Strong bearish rejection from the resistance zone.
• Volume spike indicates potential exhaustion of buyers.
• Clean structure: potential lower high formation after a strong bullish leg.
• Break below $174.90 may open room for deeper retracement toward $172.05 or even $160.15.
⚠️ Notes:
• Monitor BTC for correlation.
• Watch price behavior near TP1 – if it consolidates or holds support, consider partial profit booking.
Price has tapped into a significant resistance zone around $179–$185, where it faced immediate rejection. This zone aligns with multiple supply levels and previous price reaction areas. The current rejection hints at a possible short-term reversal or retracement.
🔻 Entry: $179.29 (resistance rejection)
🎯 Target 1 (TP1): $174.90
🛑 Stop Loss: $185.77
📊 Risk/Reward Ratio: Favorable (~1:2)
🔍 Technical Highlights:
• Strong bearish rejection from the resistance zone.
• Volume spike indicates potential exhaustion of buyers.
• Clean structure: potential lower high formation after a strong bullish leg.
• Break below $174.90 may open room for deeper retracement toward $172.05 or even $160.15.
⚠️ Notes:
• Monitor BTC for correlation.
• Watch price behavior near TP1 – if it consolidates or holds support, consider partial profit booking.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.