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SOL Short Setup – Momentum Fails at Key Resistance
$SOL** is turning lower after a relief rally failed to challenge the 4‑hour Supertrend resistance at **$68.66. The rejection is clear, and sellers are stepping back in.
Technical breakdown:
· Parabolic SAR – dots remain below price for now, but the trend is losing conviction.
· MACD – bullish momentum is rolling over quickly.
· RSI(6) – has slid to 36.92, confirming weakening buying pressure.
This setup favors shorts as long as $68.66 holds as resistance.
Trade Plan:
· ENTRY ZONE: $64.50 – $65.50
· TARGET 1: $62.00
· TARGET 2: $60.13
· TARGET 3: $58.00
· STOP LOSS: $68.70
Note: A breakout and close above $68.66 invalidates this setup completely. No bias – just follow the structure.
#StrategyAdds1550BTCatLowerPrices