Solana (SOL) Losing Steam? Here's My Short Trade Idea
$SOL Hello Traders,
Solana (SOL) is showing clear signs of weakness after failing to break higher. The momentum has stalled, and a rejection from the resistance area suggests that the downside is now favored.
Based on this, I'm looking at a potential short opportunity.
Basi Trader's Short Setup:
▪️ Entry Zone: $143 - $145
▪️ Stop-Loss (SL): $152
▪️ Take-Profit (TP) 1: $135
▪️ Take-Profit (TP) 2: $128
The key is the rejection from the supply zone. As long as we stay below the resistance, the bearish case looks strong.
What's your next move on SOL? Let me know your thoughts below!
(This is a trade idea, not financial advice. Always do your own research and manage your risk.)
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