🚨🚨 Breaking News $SOL 🚨🚨

Important update on SOL:

SOL has been rejected from its upper resistance line and is now eyeing lower support levels around $120. I hold a bearish outlook on SOL for several reasons, detailed below.

In the daily timeframe, the Stochastic RSI has turned downwards, indicating bearish momentum (view charts for confirmation).

If SOL breaks below the $120 support, significant downward movement is anticipated. Accordingly, I'm initiating a short position at the current market price.

Short Position Details:

- Entry Price:*$135

- 1st Take Profit (TP): $128

- 2nd Take Profit (TP): $122

- Leverage:10x

Given prevailing bearish sentiment in BTC, SOL is likely to follow suit.

Stay tuned for updates on #SOL/USDT.

#SolanaUSTD #BinanceTournament #Megadrop #VanEck_SOL_ETFS #MtGoxJulyRepayments