$SOL — The consolidation trap is about to snap.
Short $SOL
Entry: 126 – 127
SL: 131
TP1: 122
TP2: 119
why its possible? SOL is currently wedged in a classic bearish pennant on the 1H timeframe. After that initial sharp drop, the price has been compressing in a tight range, forming lower highs that suggest sellers are staying aggressive. We are seeing a clear lack of demand at the upper trendline, and the RSI is struggling to break above the midpoint. This setup usually results in a continuation of the previous downtrend once the lower support gives way. We're positioning for a breakdown to sweep the liquidity resting at the $119 level.
Trade $SOL here 👇
SOLUSDT
Trajne ter. pog.
119.52
-6.05%