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๐จ $SOL โ SHORT SETUP BUILDING AT KEY RESISTANCE ZONE ๐โก
Solana is now pressing into a strong supply area where upside momentum is starting to slow, and price action shows early signs of exhaustion.
โโโโโโโโโโโโ
๐ TRADE SETUP
โโโโโโโโโโโโ
โข Position: SHORT
โข Entry Zone: 92.6 โ 97.4
โข Stop Loss: 100
โข TP1: 89.5
โข TP2: 85.0
โข TP3: 80.5
โโโโโโโโโโโโ
๐ MARKET STRUCTURE
โโโโโโโโโโโโ
Recent price behavior suggests:
โข Upside momentum is losing strength
โข Price is entering a heavy supply zone
โข Continuation lacks strong expansion
โข Reactions near highs are becoming weaker
โโโโโโโโโโโโ
๐ง SELLER vs BUYER FLOW
โโโโโโโโโโโโ
At current levels:
โข Buyers appear to be getting absorbed
โข Sellers are gradually stepping in
โข Momentum is shifting from impulsive to corrective
โโโโโโโโโโโโ
โ ๏ธ KEY SCENARIO
โโโโโโโโโโโโ
If this resistance zone holds:
โ Rejection from supply is likely
โ Downside rotation can develop
โ Liquidity below may get targeted
โโโโโโโโโโโโ
๐ญ TRADER QUESTION
โโโโโโโโโโโโ
Is $SOL preparing for a clean rejection from resistanceโฆ
or just consolidating before another breakout attempt? ๐๐ฅ
โโโโโโโโโโโโ
๐ง FINAL NOTE
โโโโโโโโโโโโ
In zones like this, timing matters more than bias โ
confirmation separates good entries from early traps. ๐๐ฅ
#GateSquareMayTradingShare