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$SOL short-term weakness after rejection from local resistance.
Price pushed toward 92.11 (24H high) but failed to sustain momentum. Sellers stepped in aggressively, and we’re now trading around 85.80 after losing short-term structure on 15m.
Market Read:
92.11 marks the 24H high.
84.33 stands as the 24H low.
Price expanded upward, rejected near the highs, and is now printing lower highs intraday.
If 85.50 fails to hold, continuation toward 84.30 and possibly lower becomes likely.
Entry Point:
85.80 – 86.50 on weak bounce
Or breakdown entry below 85.30
Target Points:
TP1: 84.80
TP2: 84.30
TP3: 83.50
Stop Loss:
Above 87.20
How it’s possible:
After failing to hold above mid-range, price often rotates back toward liquidity resting near session lows.
If sellers maintain control below 86.50, downside continuation becomes probable.
Trading the structure with defined risk and clear invalidation.