$SOL – Losing strength near resistance, short idea
SOL
82.63
-1.50%
Trading Plan – Short $SOL
Entry: 87.0 – 90.4
SL: 93.5
TP: 84
TP: 80
TP: 76
The bounce did push higher, but momentum is starting to fade as price taps into this resistance area. Buyers tried to keep control, yet the move lacks strong continuation and structure is turning messy.
Rather than breaking cleanly, price is slowly grinding up — a sign that demand isn’t as strong as it was earlier. At the same time, sellers look like they’re quietly stepping back in.
When upside starts to stall like this, it often leads to a pullback once buying pressure dries up.