SOL's recent movement has provided several trading signals. Around $145, the price shows a clear bearish pattern, with selling pressure remaining strong, and the market fully recognizes the support level at $137.50. From the overall downward trend, it is developing as expected, with lower lows continuously forming, and the bears maintaining control throughout the process.
From a technical perspective, repeated strong rebounds near the resistance level of $145 further confirm the bearish structure. For traders looking to short, there are several key points to watch:
Entry opportunities are in the range of $143.50 to $145.00. Setting stop-loss above $148.80 would be safer. As for target levels, consider phased targets: the first at $141.00, then $139.50, and the final target at $137.50.
Overall, the trend clearly favors the bears, with a well-defined structure. Managing risk and stop-loss placement will be crucial in this market movement.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
7 Likes
Reward
7
7
Repost
Share
Comment
0/400
CryingOldWallet
· 5h ago
It's really hard to sell around 145, feels like I can't push it down anymore.
View OriginalReply0
FromMinerToFarmer
· 5h ago
145 this level is really unbreakable, the short position is stable this time
---
Wait, stop loss at 148.80? Feels still too tight
---
137.50 looks a bit weak as support, need to see how long it can hold
---
Another perfect shorting opportunity? Why do I feel like I say this every time
---
Between 143 and 145, I’ve already set up my position, just waiting to see how low it can go
---
Stop bragging, SOL will rebound sooner or later, shorts shouldn’t be too arrogant
---
Risk control is the key, no matter the structure, rules must be followed
---
Will 141 hold or not? Feels like 137.50 might break first
View OriginalReply0
Degentleman
· 5h ago
Position 145 is really stuck tight, the bears are playing too aggressively this round, I need to be careful not to get caught in the squeeze.
View OriginalReply0
ImaginaryWhale
· 5h ago
It's so clear that it's a short position, yet still losing money. Truly impressive, haha.
View OriginalReply0
TokenomicsTinfoilHat
· 5h ago
This level at 145 is repeatedly being hammered down, and the bears are not afraid at all. I think dropping to 137.5 is no problem.
View OriginalReply0
SmartContractRebel
· 5h ago
145 this level repeatedly dumped, the bears are still quite fierce
---
137.5 is really a solid barrier, it feels a bit difficult to break this support
---
Short at 143-145? Forget it, I'll wait and see
---
Stop loss at 148.8 is a bit tight, this wave of market movement is easy to be swept out
---
The advantage is clearly with the bears, but don’t celebrate too early, the crypto market reverses very quickly
---
Looking at this chart, it indeed seems like it’s going down, should I gamble a small position?
---
Is the 141 target a bit optimistic? Better to see if 137 can hold first
---
Another one of these "clear structures," sounds nice, but reality often hits hard
---
Just control the risk, and leave the rest to luck haha
---
If SOL really drops to 137, I’ll buy the dip, no more messing around
View OriginalReply0
fomo_fighter
· 5h ago
This obstacle keeps hitting repeatedly, why is it still so tough? The bears talk smoothly, but the real battlefield is another story.
SOL's recent movement has provided several trading signals. Around $145, the price shows a clear bearish pattern, with selling pressure remaining strong, and the market fully recognizes the support level at $137.50. From the overall downward trend, it is developing as expected, with lower lows continuously forming, and the bears maintaining control throughout the process.
From a technical perspective, repeated strong rebounds near the resistance level of $145 further confirm the bearish structure. For traders looking to short, there are several key points to watch:
Entry opportunities are in the range of $143.50 to $145.00. Setting stop-loss above $148.80 would be safer. As for target levels, consider phased targets: the first at $141.00, then $139.50, and the final target at $137.50.
Overall, the trend clearly favors the bears, with a well-defined structure. Managing risk and stop-loss placement will be crucial in this market movement.