$SOL USDT — Bearish Pullback Before Potential Breakout
Technical Analysis:
SOL is currently trading around $127 after rejecting near the $127.8–$129 resistance zone (24h high area). Price shows short-term weakness with lower highs forming on intraday timeframes while holding above $123 support (24h low).
Volume remains elevated, suggesting active participation, but momentum is cooling after the recent push up. If price fails to reclaim $128–$129, a pullback toward demand zones is likely before the next expansion move.
Structure shows:
Resistance: 128.0 – 129.0
Mid support: 125.0 – 124.5
Strong support: 123.0
Range-bound consolidation with slight bearish bias short term
📉 Trade Setup (Short Bias)
Entry Range: 127.2 – 128.2
Target 1: 125.5
Target 2: 124.0
Target 3: 123.2
Stop Loss (SL): 129.3
🔎 Short Outlook:
Momentum fading near resistance + repeated rejection signals a minor bearish move or pullback before any strong bullish continuation. Breakdown below 125 could accelerate selling pressure. Reclaiming 129 invalidates shorts and flips bias bullish.
