SOLUSDT.P / Perpetual / SHORT
2024-10-17

SOLUSDT pair may come down from the bearish order block. 

SOLUSDT is positioned at a significant bearish order block between 156.92 and 153.98, which could indicate a potential downturn. Based on Smart Money Concepts (SMC) analysis, the price is currently testing this bearish order block, and we can anticipate that the sellers might begin to exert pressure on the market. There is a high probability that the price will reverse from this zone, as historical price action often respects these levels.

Given the current market structure, it is crucial to monitor how price reacts within this zone. The likelihood of a downward move increases as buyers struggle to push the price higher. As always, it's essential to manage risk and consider confirmation before entering a trade. Let's observe how this setup unfolds!

I suggest that :-
    Entry price :- 153.98
   Take Profit :- 149.15
   Stop loss    :- 158.81