SOL: From Sweep to Selloff – Supply in Control

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Solana (SOL/USDT) recently broke below a strong trendline after a liquidity sweep and clear Change of Character (CHOCH). Price retested the supply zone (Entry Zone) before continuing its downward move, showing a classic bearish market structure shift.

Currently, price is reacting from a sell-side zone (~70% retracement), with potential downside targets toward the buy-side liquidity (~29% retracement). RSI also reflects bearish divergence confirmation from the highs, aligning with the structural shift.

Key Highlights:

Engulfing candle + Trendline break + CHOCH confirmed bearish bias.
Entry Zone retest offered high-probability short setups.
Current rejection from supply signals further downside.
RSI divergence strengthens bearish case.

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