$SOL Relief Bounce Near Resistance — Short Setup Still in Play 🔻

Short Trade Signal (Day Trade):

Sell Zone: 126.50 – 129.00

TP1: 122.80

TP2: 119.50

TP3: 116.80

SL: 132.50

Leverage: 20–40x (risk 1–2%)

Open Trade in Future👇🏻

Spot Traders:

Avoid aggressive spot buying at current levels. Safer accumulation zones for $SOL remain near 118 – 115, only after selling pressure slows and structure stabilizes.

Why This Trade:

Solana is still trading inside a clear daily downtrend, and the recent move from 116.7 is a relief bounce, not a trend reversal. Price is pushing back into a heavy supply zone between 126 – 130, where sellers previously stepped in aggressively. This area also aligns with multiple failed breakout attempts, making it a high-probability rejection zone.

Market structure continues to show lower highs and weak upside continuation. Volume during the bounce is moderate and does not support a sustained bullish move. As long as $SOL remains below the 130 – 132 resistance, sellers retain control and downside continuation remains the preferred direction.

Support Zones:

• 121 – 119 (short-term support)

• 117 – 115 (major demand zone)

Resistance Zones:

• 126 – 129 (primary sell zone)

• 130 – 132 (strong daily resistance)

Pullback Zone for Shorts:

Any pullback into 126 – 129 offers a favorable risk-to-reward area for shorts. A clean rejection from this zone keeps targets toward 120 and below in play.

Trade patiently, respect risk, and follow structure — not emotions.

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