$SOL showing rejection from local highs with momentum turning bearish.


Sellers in control as structure breaks down on lower timeframes.

EP
84.50 - 85.20

TP
TP1 83.50
TP2 82.00
TP3 80.00

SL
86.50

Liquidity above 86 was swept before a sharp sell-off, confirming distribution. Weak bounce attempts and continued lower highs suggest downside continuation unless price reclaims the broken structure.

Let’s go $SOL ‌
SOL3.55%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 11
  • 8
  • Share
Comment
Add a comment
Add a comment
ChitraliTrades
· 11h ago
as soon as soon as to 150 or as dropped to 30
Reply0
ChitraliTrades
· 11h ago
To The Moon 🌕
Reply0
ContrarianIndicatorBonsai
· 14h ago
Recently, the overall trend of the copycat projects has been weak, and it's normal for SOL to follow suit; going with the trend is better than trying to bottom fish.
View OriginalReply0
FarmingNoSleep
· 18h ago
This batch-by-batch take-profit strategy is quite practical: lock in some profits first, and let the remaining run.
View OriginalReply0
GateUser-bf5d0c14
· 04-16 14:52
Entrance zone 84.5-85.2 I will wait for a pullback confirmation before following, don't chase.
View OriginalReply0
BridgeUnderTheMoonlight
· 04-16 14:51
This rejection is quite obvious; after sweeping above 86, it drops sharply, almost like a distribution.
View OriginalReply0
GateUser-0f33f9ef
· 04-16 14:39
If we can quickly recover and stabilize above 85, short positions need to be cautious of being squeezed.
View OriginalReply0
DaoScraps
· 04-16 14:38
TP1 83.5 feels very easy to reach, the key is whether 82 can hold up.
View OriginalReply0
DegenWithNotebook
· 04-16 14:36
SL at 86.5 is okay, but the volatility is high. Managing the position size makes it more stable.
View OriginalReply0
MintConditionHuman
· 04-16 14:35
A breakdown structure + continuous lower highs, this kind of trend is more comfortable without rushing for a rebound.
View OriginalReply0
View More
  • Pin