Technical analysis by Mentor_Michael03 about Symbol SOL: Sell recommendation (7/18/2025)

🔍 SOLANA (SOL/USD) Technical Analysis – July 18, 2025 Solana (SOLUSD) is currently reacting to a major resistance zone around the $185–$190 level, as shown in the chart. Price has rallied strongly from the support area near $130, breaking several market structures (BOS – Break of Structure) on its way up. 🧠 Smart Money Insight: Multiple BOS events indicate strong bullish momentum that pushed price into a premium zone. Current price action shows exhaustion near resistance, suggesting possible distribution. 🧱 Key Levels: Resistance Zone: $185 – $190 Support Zone: $125 – $135 (untapped liquidity beneath) Target Zone: $155 – $160 (where liquidity likely rests) ⚠️ Expectation: A potential short-term retracement or pullback is expected toward the target area, as indicated by the downward arrow. This aligns with a classic liquidity sweep setup, where smart money often engineers a false breakout before reversing. 📌 Conclusion: If SOL fails to close strongly above the resistance zone, it could signal a reversal pattern toward lower support, offering an opportunity for short-term swing traders.