$SOL Technical Analysis April 6, 2025 – SHORT trade signal 🛑 🚦
📊 Short-Term Analysis for
$SOL /USDT 🔥
📉 Why a Short Trade?
1️⃣ Major Resistance at $122 - $124 🚧
🔹 SOL is facing heavy rejection near the $124 zone, a strong resistance area.
🔹 Price failed to sustain above $122, indicating weak buyer momentum.
2️⃣ Bearish Structure on Lower Timeframes 📉
🔹 SOL is printing lower highs and lower lows—a sign of downtrend continuation.
🔹 Sellers are active near resistance, pushing price lower after each bounce.
3️⃣ Volume Declining + No Bullish Follow-Through 📊
🔹 24H Volume: 246.23M USDT, showing a slight decline.
🔹 Despite recent rallies, there’s no volume confirmation to support an upward move.
4️⃣ Support Zone at $117 - $115 🛑
🔹 If price breaks and holds below $117, expect downside continuation to $114 - $111.
🔹 Watch for strong bearish candles with increased volume for breakdown confirmation.
🐻 Bearlish Trade Setup (15m - 1h - 4h) 📊
☑️ Short Entry: $120.50 - $121.50 (on rejection/pullback)
🎯 Targets: $117.00, $114.50, and $111.00
🛑 Stop Loss: $124.20 (Above resistance zone)
🔸 Breakdown Confirmation:
✅ If $117 breaks down with volume, look for $114 - $111 next.
✅ If SOL reclaims $124+, exit shorts and reassess.
⚠️ Risk Management:
🔸 Keep SL tight above $124.
🔸 Confirm entry with price rejection and weak bullish volume.
📉 Overall Bias: Bearish Below $121.50, Neutral Above $124
$SOL #SOL #downtrend