$SOL trades beneath all moving averages with a persistent downtrend channel intact. Price rejected firmly at $125-127 resistance and continues forming lower highs. Weak volume confirms lack of bullish conviction. Currently testing support near $122, but momentum favors continuation to the downside if this level fails.
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$SOL trades beneath all moving averages with a persistent downtrend channel intact. Price rejected firmly at $125-127 resistance and continues forming lower highs. Weak volume confirms lack of bullish conviction. Currently testing support near $122, but momentum favors continuation to the downside if this level fails.
Trading Levels:
TP1: $120.00
TP2: $117.50
TP3: $114.00
Stop Loss: $126.50
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