$SOL Facing Strong Supply Zone – Rejection Expected

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$SOL Facing Strong Supply Zone – Rejection ExpectedSOL / TetherUSBINANCE:SOLUSDTcoinpediamarketsSOLUSDT is looking primed for a short setup after a bounce into resistance. Price has tapped a key resistance zone at $83.88 – $84.63, which previously acted as supply. The current move looks like a relief bounce within a weak structure, increasing the probability of another rejection from this area. Trade Idea (Short): Entry: $83.89 Targets: • $82.07 (first take profit – local support) • $79.09 (major support / liquidity zone) Stop Loss: • $85.09 (above resistance – invalidation level) Reasoning: – Clear resistance zone with prior rejection – Overall structure still showing weakness (lower highs) – Bounce into supply suggests potential continuation down – Favorable risk-to-reward ratio on rejection Watch for confirmation. A strong breakout and hold above resistance would invalidate this setup.