Technical analysis by Rebelmedia about Symbol SOL: Sell recommendation (5/30/2025)

ENTRY : $161.15TARGET : $117.50PnL : 26.87%SOL is showing signs of exhaustion after its recent run, and structure is now leaning decisively toward a retracement.The short thesis targets $117.50, a clean confluence zone with prior consolidation and structural support. This isn’t just arbitrary. It’s where momentum previously built, and where trapped longs are likely to find exit liquidity on the way down.The projected move covers -26.87%, offering strong risk/reward if you're playing the breakdown early.It's your call on how to proceed..Just an update to say that I'm setting the SL below entry in case it rises.. If so, will be closing this short early as I've found reason to believe it might not get there..Need to look into it some more..Killing this at ~$158.92