Guys, $SOL is currently facing strong rejection near the upper resistance zone, and the price has failed to sustain above recent highs. The structure on the lower timeframe shows weakness, with sellers stepping in aggressively. As long as $SOL remains below this rejection area, downside pressure is likely to continue in the short term.
For now, short positions can be considered with proper risk management, targeting the $142 zone as the next key support. A clear break and hold above $145 would invalidate this short setup, so manage stops accordingly. Trade smart, enter timely, and don’t over leverage.
SOLUSDT
Perp.
86.48
+14.55%