📉 Trading Signal: $SOL /USDT (Short)
The asset is in a clear downtrend, having dropped from the $120 level down to the current $79.81. We are seeing a period of consolidation (sideways movement) after a sharp decline, which often suggests a "bear flag" pattern—a precursor to further downside.
Trade Setup
* Direction: Short (Sell)
* Entry Zone: $79.80 – $82.00
* Target 1 (TP1): $75.00 (Recent psychological support)
* Target 2 (TP2): $70.00 (Major historical support level)
* Stop Loss (SL): $86.50 (Above the recent local high to protect against a fake-out)
Technical Observations
* Trend: Strongly Bearish. The price is consistently making lower highs and lower lows.
* Volume: There was a massive spike in selling volume around Feb 6th, indicating high conviction from sellers.
* Performance: The asset is down 43% over the last 30 days, showing that buyers are currently struggling to find a floor.
Risk Warning: Crypto markets are highly volatile. A "short" position carries high risk, especially if there is a sudden market-wide recovery or positive news regarding the Solana ecosystem. Always use proper position sizing.
