$SOL breaking structure — downside continuation favored.
🔻 SHORT $SOL (SOL/USDT)
Entry Zone: 83.0 – 86.0
Stop Loss: 90.5
Target 1: 74.0
Target 2: 68.0
Extended Support Zone: 70 – 60
Sol remains in a clear bearish market structure on the higher timeframes. Price continues to respect lower highs and is consolidating below a strong resistance band after an impulsive sell-off.
Momentum remains weak, RSI is deeply oversold but failing to produce any meaningful reversal, and prior breakdown zones are acting as resistance. This consolidation looks like a pause before continuation rather than accumulation.
As long as price stays capped below the reclaimed resistance, the path of least resistance remains to the downside, with liquidity resting in the 70–60 support zone.
Trade $SOL with strict risk management 📉
SOLUSDT
Perp
80.82
+1.57%