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📉 $SOL — MOMENTUM FADING INTO RESISTANCE
Solana is showing signs of exhaustion after the recent rebound, with price now pushing directly into a heavy seller-defense region near local resistance.
━━━━━━━━━━━━ 📊 TRADE SETUP (SHORT) ━━━━━━━━━━━━ • Entry: 94.84 – 95.20
• SL: 96.60
Targets: • TP1: 93.20
• TP2: 91.50
• TP3: 89.00
━━━━━━━━━━━━ 🧠 MARKET STRUCTURE ━━━━━━━━━━━━ • Rebound losing momentum after 98.36 rejection
• 1H structure no longer showing clean continuation
• Sellers beginning to absorb upside attempts
• Price compressing below resistance instead of breaking through
━━━━━━━━━━━━ ⚠️ KEY LEVEL TO WATCH ━━━━━━━━━━━━ The critical zone now sits around 95.50.
If SOL continues failing below that level: → downside rotation toward lower liquidity becomes likely
→ momentum traders may begin exiting aggressively
→ 91–89 opens as the next broader support region
But if buyers reclaim 95.50 with strength: → current bearish structure weakens
→ short squeeze risk increases rapidly
━━━━━━━━━━━━ 💭 KEY INSIGHT ━━━━━━━━━━━━ Strong rebounds usually expand quickly.
When price starts stalling under resistance instead of accelerating, it often signals absorption rather than accumulation.
Right now, the market is deciding whether this was just a temporary bounce… or the start of a deeper corrective move 👀
#GateSquareMayTradingShare