COIN NAME : #SOL/USDT📉
SIGNAL TYPE : SHORT

I can see weekly chart shows SOL in a rising wedge pattern, which is typically bearish. The price recently rejected the upper trendline and is now testing a key support zone 🟩. Rising Wedge Breakdown 🔻: Price is testing support, a breakdown could lead to further downside. MACD & RSI: Bearish momentum with RSI declining, confirming weakness. Support Zone: Around $190-$200, failure to hold this could lead to more declines

I can see on this cart ToTAL3 indicates a potential double-top rejection at major resistance 🔴, hinting at a possible downturn. The market previously broke out from a bullish flag pattern (🔵), leading to a strong rally, but now faces a critical trendline test ⚠️. Rejection at Resistance 🔻: Price failed to break above the previous all-time high, signaling weakness.Rising Trendline Support 📈: If broken, further downside could follow. MACD & RSI: Bearish divergence seen, indicating potential sell-off pressure.

liquidation heatmap shows areas where large leveraged positions are getting liquidated, impacting price movement. Heavy liquidations (yellow zones) near $180-$185, indicating strong support 🚀. Major liquidity pools around $200-$210, which could act as a resistance zone. Price has been bouncing between these levels, indicating a range-bound market 🔄. The market may push towards liquidity pockets, triggering further liquidations.

Entry Price: 200 or Market Price

1st TP 🎯 at $ 196.46

2nd TP 🚀 at $ 193.82

3rd TP 🌟 at $ 185

$SOL


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$SOL



On October 22, I published this chart, and many were skeptical about what I was talking about.
"I share it and u can check the link i left in attachment."

Now, this scenario is highly likely, and everything is unfolding as shown in the chart below.

You can clearly see the Wyckoff Distribution pattern already formed, and so far, price movements align significantly with the illustration provided.

Currently, the price has returned to the distribution zone, hitting the "failed rally point"
. All of this appears to have been a trap.

And why not?... SOL is one of the largest coins in the market by market cap. Everyone is expecting SOL to achieve x3 or even x10. This makes it entirely logical for the price not to move higher amidst this level of optimism.

I’m not entirely pessimistic, but I view things from a purely logical perspective.
This pattern is not yet confirmed—we need a massive red candle closing below the distribution zone to confirm it. However, the price movement so far is perfectly aligned with the Wyckoff Distribution logic.

If a close below this red zone happens, consider it a signal to exit the market entirely."
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