Sell at $333 - save this idea SOLUSD – Sell at $333 (Mid-Term Setup)
Overview
SOL is currently respecting a long-term ascending channel while trading below a major Fibonacci resistance zone. Price has repeatedly reacted from the rising support trendline, forming higher lows, which keeps the bullish structure intact — however, upside liquidity and resistance near $330–$340 makes this a high-probability sell zone.
Technical Confluence
🔹 Ascending Channel Support
Multiple clean reactions from the lower trendline (highlighted circles) confirm strong structural support.
🔹 Fibonacci Resistance Cluster
The 1.13–1.27 Fib extension zone ($300–$334) aligns with prior highs and acts as a major supply area.
🔹 Liquidity Target Above Highs
Price is likely to push higher first, sweep buy-side liquidity, and tap the $330–$340 zone before reacting.
🔹 Momentum Reset
RSI has room to expand upward before entering overbought, supporting one more push higher before rejection.
Trade Plan
Sell Zone: $330 – $335
Invalidation: Clean daily close above $350
Targets:
TP1: $240
TP2: $200
TP3: $160 (channel mid / Fib support)
Expectation
Price is expected to rally into resistance, complete a liquidity grab, then rotate lower back into the channel. This is a sell-the-rally setup, not a breakdown trade.
⚠️ This is a technical idea, not financial advice. Always manage risk.
