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$SOL – Distribution Unfolding, Bears in Control! 🚨
Solana has lost upside steam after recent rejections near resistance and heavy volume selling, signaling distribution and downside setup as smart money exits positions and sellers tighten grip. Technical breakdowns below key levels have been confirmed with rising sell pressure and lower highs forming — classic bear structure emerging on SOL charts.
📉 Trade Setup — SHORT
$SOL NOW:
• Entry: 144.39 – 145.00
• Stop Loss: 146.50
• Take Profit 1: 142.00
• Take Profit 2: 140.00
📊 Why This Setup Matters:
• SOL rallied up to ~$145.55 but failed to sustain above resistance, showing buyers are losing momentum.
• Technical breakdowns have pushed price below critical support with higher sell volume and distribution characteristics, signaling sellers in control rather than buyers defending.
• Price action now prints lower highs + increasing selling pressure, suggesting continuation lower toward range lows if breakdown persists.
📌 Bearish Structure in Play:
• Breakdown under critical levels → volume expands on down moves
• Failed rallies above resistance reflect weakening demand
• Distribution pattern often precedes accelerated downside
💬 #Solana #SOL #Crypto #ShortSignal
#TradingSetup *(This is market commentary for discussion and not financial advice.)*