$SOL Resistance level nearby rebound —— Bearish layout still valid 🔻
Bearish trading signal (intraday trading):
Sell zone: 126.50 – 129.00
TP1: 122.80
TP2: 119.50
TP3: 116.80
Stop loss: 132.50
Leverage: 20–40x (risk control at 1–2%)
Open position in contract👇🏻
Spot traders:
Current price level does not recommend aggressive buying of spot. The safer accumulation area for SOL remains at 118 – 115, and one should wait for the selling pressure to ease and the structure to stabilize before considering.
Trading logic:
Solana is still operating in a clear daily downtrend, and the recent rise from 116.7 is merely a "rebound repair", not a trend reversal. The price is returning to the heavy supply area of 126 – 130, where strong selling pressure previously occurred, and this is also a location where multiple breakouts failed, belonging to a high probability rejection zone.
Market structure remains characterized by lower lows and weak rebounds. The trading volume during the rebound is moderate, not supporting a sustained bullish market. As long as $SOL stays below the resistance of 130 – 132, bears still dominate, and the probability of continuing downwards is greater.
Support areas:
• 121 – 119 (short-term support)
• 117 – 115 (main demand zone)
Resistance areas:
• 126 – 129 (main sell zone)
• 130 – 132 (strong daily resistance)
Bearish pullback entry zone:
Any rebound to the 126 – 129 position presents a good risk-reward shorting opportunity. As long as there is a clear rejection in this area, the target remains valid at 120 and below.
Trade patiently, control risks strictly, follow the structure — do not be swayed by emotions.
If you haven't followed Crypto Latest Updates, then you have really missed out.