$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 ‌
SOL2,9%
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
  • 9
  • 7
  • Share
Comment
Add a comment
Add a comment
ContrarianIndicatorBonsai
· 1h 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
· 6h 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
· 12h ago
Entrance zone 84.5-85.2 I will wait for a pullback confirmation before following, don't chase.
View OriginalReply0
BridgeUnderTheMoonlight
· 12h ago
This rejection is quite obvious; after sweeping above 86, it drops sharply, almost like a distribution.
View OriginalReply0
GateUser-0f33f9ef
· 12h ago
If we can quickly recover and stabilize above 85, short positions need to be cautious of being squeezed.
View OriginalReply0
DaoScraps
· 12h ago
TP1 83.5 feels very easy to reach, the key is whether 82 can hold up.
View OriginalReply0
DegenWithNotebook
· 12h ago
SL at 86.5 is okay, but the volatility is high. Managing the position size makes it more stable.
View OriginalReply0
MintConditionHuman
· 12h ago
A breakdown structure + continuous lower highs, this kind of trend is more comfortable without rushing for a rebound.
View OriginalReply0
QuietAirdropper
· 12h ago
After removing the liquidity flow of 86, it directly weakens, which indeed matches what you said about distribution, and the bearish rhythm is more in sync.
View OriginalReply0
View More
  • Pin