SOL Breakdown Strengthens – No Bulls in Sight

[chainsniff]

Trend Check:
SOL is continuing its slow bleed lower with no bullish MSB and a persistent downtrend. Structure has remained bearish with no demand being respected.

Indicators:
RSI: 42 (bearish zone)
MACD: Bearish, deep cross with momentum growing

Structure:
Lower highs and lower lows define SOL’s movement. Failed retest of $155–$160 zone confirmed sellers still control the market.

Position: Short bias
Entry Idea: Short under $128
Stop: Above $134
Targets: $118 → $105

Reasoning:
No structural shift, MACD and RSI agree with bearish momentum. Clean setup for continuation lower.

[Nahid Hossen]

Momentum clearly favors bears after this breakdown.