Technical analysis by petermichalides about Symbol SOL: Sell recommendation (6/28/2025)

Context:Price just rejected off local range high near $148 — a key resistance that has held several times historically. We’re seeing initial signs of weakness after a strong rally, with price failing to hold above resistance and beginning to break minor structure.Setup Details:Entry: ~$146.20Stop Loss: ~$148.35 (above recent high)Target: ~$141.00 (range low + demand pocket)Risk/Reward: ~2.38RTrade Idea:This is a classic range play — short from top of the range, targeting the base. Momentum is fading near resistance and we have a clean invalidation just above. Price structure suggests lower highs are forming, and any further weakness should push us back into the mid-to-lower part of the range.