Setting up a strategic short position on **Solana (SOL)** with a mid-term target of **$60**. My stop level is clearly defined on the chart around the recent local swing high to maintain a healthy risk-to-reward ratio.
Looking at the current price action, I expect this prolonged sideways movement to be a classic **bearish consolidation**. It appears to be a corrective phase following the previous sharp downward impulse. The market seems to be building liquidity before the next leg down, and I am anticipating the price to break below the current range to hunt for new lows.
**Trade Management Plan:**
* **Primary Scenario:** Price rejects the current resistance zone and trends toward the $60 target.
* **Alternative Scenario:** If the market volatility spikes and hits my stop level, I won't chase the price. Instead, I will patiently wait for the next structural peak or a "fakeout" signal to re-establish short entries at a better price point.
Trading is a game of patience and discipline, not guessing. Let's see how the price reacts to this supply zone.
**Safe trades and good luck to everyone!** 📉🔥
