Technical analysis by ForexGoldkinggg about Symbol SOL: Sell recommendation (12/3/2025)

Hello Traders 🙋 Hope Everyone is Ok Let's Talk About our Chart 👇 SOL/USD points down to 133.30 — this is a logical target because: ✔ It aligns with previous supply turned support ✔ It sits right below several liquidity layers ✔ It’s a Fibonacci-friendly retracement area (likely ~0.382–0.5) If the market breaks the blue trendline with a solid candle close, the probability of heading toward 133.30 becomes much stronger 1. Key Zones Resistance Zone: ~143–145 Price is currently reacting to this zone, showing rejection — a potential signal for a short-term pullback. Support / Buying Zone: 121.5 – 123.1 Major demand zone where previous strong bullish reversal occurred. Intermediate Support Levels (Green zones): 140 → 138 → 136 → 133 These are minor liquidity shelves where price could pause or bounce. Current Market Structure Your chart shows: 🔺 Recent Bullish Move Strong impulsive rally from the support/buying zone. Breakout of descending structure (falling wedge + ranging channel). 🔻 Current Reaction Price is rejecting from the major resistance zone. The drawn blue trendline has been touched, and price is starting to dip. This suggests bullish momentum is weakening, and we may see a correction. What to Watch Next Bearish Scenario (Most Likely Short Term) Break and retest of trendline Move toward 138 → 136 → 133.3 (main target) Possible bounce back upward from 133 zone Bullish Invalidations If SOL closes above 145, the bearish setup is invalid. A breakout above resistance could send price toward 150–155. Short-term bias: Bearish correction Primary downside target: 133.30 Major support to watch: 123–121 Bullish continuation only if: 145 breaks cleanly 🚀 Support the Idea! 👍 Like | 🔔 Follow | 💬 Comment | 🔁 Share Your engagement boosts visibility and helps our community stay strong. Share your own charts and setups in the comments — let’s analyse together!Active