Hey Traders!
#SOL is currently showing strong bearish signals on the 2H timeframe:
🔸 Rising Wedge Pattern spotted — a classic bearish reversal structure.
🔸 Bearish Divergence on RSI — momentum is weakening while price continues higher.
🔸 Breakdown from the wedge already occurred — confirming the initial weakness.
Next Key Support Zone: $120–$130
This zone has held multiple times, but a clean break below followed by a retest could offer a high-probability short setup.
🎯 Trade Plan:
We’re watching for:
Break of the $120–$130 support
Retest of the broken level
Entry on confirmation with strict risk management
💬 What’s your take on #SOL? Are you bullish or bearish? Drop your thoughts below!
🧠 Trade smart, manage your risk, and follow for more TA like this!
📌 Like, comment, and share if you found this helpful.
#SOL #Solana #CryptoTrading #BearishDivergence #RisingWedge #TechnicalAnalysis #TradingSetup #ShortTrade #CryptoTA #Altcoins
#SOL is currently showing strong bearish signals on the 2H timeframe:
🔸 Rising Wedge Pattern spotted — a classic bearish reversal structure.
🔸 Bearish Divergence on RSI — momentum is weakening while price continues higher.
🔸 Breakdown from the wedge already occurred — confirming the initial weakness.
Next Key Support Zone: $120–$130
This zone has held multiple times, but a clean break below followed by a retest could offer a high-probability short setup.
🎯 Trade Plan:
We’re watching for:
Break of the $120–$130 support
Retest of the broken level
Entry on confirmation with strict risk management
💬 What’s your take on #SOL? Are you bullish or bearish? Drop your thoughts below!
🧠 Trade smart, manage your risk, and follow for more TA like this!
📌 Like, comment, and share if you found this helpful.
#SOL #Solana #CryptoTrading #BearishDivergence #RisingWedge #TechnicalAnalysis #TradingSetup #ShortTrade #CryptoTA #Altcoins
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.