Current Position Overview:

Price: ~$206.98, slightly down from recent highs around $212-$210.

Technical Context: Solana is struggling to reclaim the $210-$211 resistance zone, which continues to act as a barrier to upward momentum.

Solana is facing renewed downward pressure as it repeatedly fails to break above critical resistance levels. Sellers remain in control, and a drop below current support could pave the way for further declines.

Short Selling Trade Setup

Parameter | Value
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Entry Zone | $207.50 - $208.20
Current Price | ~$206.98 (below entry)
Revised Entry | Aggressive: Below $207.50 Conservative: Wait for pullback towards $208
Targets | TP1: $206.50 TP2: $205.20 TP3: $203.80
Stop Loss | $209.50 - Keeps you safe above resistance

Market Outlook

Resistance holds strong: The $210-$211 zone remains formidable; SOL is clearly capped there.

Bearish bias confirmed: Failure to break $209 keeps sellers firmly in control.

Momentum dynamics: If support around $207 fails, look for accelerated selling towards deeper retracement levels.

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Strategy Adjustments Based on Current Price:

With SOL already trading below the entry zone, here are two options:

1. Aggressive Entry: If you're comfortable, consider shorting now as momentum already favors the downside.

2. Wait for Pullback: For a safer setup, wait for a return to the $207.50-$208.20 zone before entering. This allows for a cleaner entry aligned with your original structure.

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Disclaimer: This content includes third-party opinions. It is not financial advice. It may contain sponsored content.