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Technical Analysis: $SOL Bearish Breakdown Ahead! The SOL is screaming BEARISH! The price is in a clear downtrend, with the current close at 137.19, down 1.58% from the previous day. The chart shows a series of lower highs and lower lows, confirming the bearish momentum. The price is hovering near a critical support level, and a breakdown could lead to a sharp decline. Buckle up, because this could get ugly for the bulls! 🚨 Bullish or Bearish? 🚨 BEARISH ALL THE WAY! The price action is painting a grim picture for SOL. The bears are in control, and there’s no sign of a reversal yet. The trend is your friend, and right now, the trend is pointing DOWN. 📉 Key Support and Resistance Levels 📉 Support Levels: 137.19 (Current Close) – A break below this could trigger a sell-off. 123.38 (Previous Low) – The next major support if the price collapses. Resistance Levels: 156.24 (Recent High) – A strong resistance level that’s been tested multiple times. 177.94 (Previous High) – A distant resistance that seems out of reach for now. 🎯 Trade Signal: Short Trade Opportunity!🎯 SHORT The bears are in control, and the price is teetering on the edge of a breakdown. This is a prime opportunity to go short! Entry Points: Entry 1: 137.19 Entry 2: 140.00 Take Profit Levels (TPS): TP1: 130.00 TP2: 125.00 TP3: 123.38 Stoploss: 142.00 💡 Why This Trade? 💡 The chart is a textbook example of a bearish trend. The price is making lower highs and lower lows, and the current close near support suggests a potential breakdown. The risk-reward ratio is favorable, with clear support and resistance levels to guide your trade. This is a high-probability setup for a short trade. 🛠️ Trade Management 🛠️ Risk Management: Only risk what you can afford to lose. Keep your position size small to manage risk effectively. Trailing Stoploss: If the price moves in your favor, consider trailing your stoploss to lock in profits. Stay Alert: Watch for any sudden reversals or news that could impact the price. Be ready to exit if the market turns against you.

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US President Donald Trump has imposed new tariffs on imports from Mexico and Canada, and has doubled the levy recently put on Chinese goods. But the day after these began, Trump announced a month-long exemption for US carmakers, who were expected to be badly affected. He previously announced tariffs on all steel and aluminium imports. Canada and China have retaliated with tariffs of their own against US goods, sparking fears of a global trade war and higher prices. What are tariffs and how do they work? Tariffs are taxes charged on goods imported from other countries. The companies that bring the foreign goods into the country pay the tax to the government. Typically, tariffs are a percentage of a product's value. Imposing a 20% tariff on Chinese goods means a product worth $10 (£7.76) would have an additional $2 charge applied to it. Firms may choose to pass on some or all of the cost of tariffs to customers. The US has typically charged lower tariffs on goods than other countries, which means his reciprocal plan could lead to a sudden and sharp increase in the tax rates - and to the prices people pay at checkout. Markets sink as Trump confirms tariffs on Canada, Mexico and China Trump will 'probably' cut Mexico and Canada tariffs - US commerce chief BBC reporters answer your tariff questions Why is Trump using tariffs? Tariffs are a central part of Trump's economic plans. He says tariffs will boost US manufacturing and protect jobs, as well as raising tax revenue and growing the economy. Goods from China, Mexico and Canada accounted for more than 40% of imports into the US in 2024. When he first announced plans for new tariffs, the White House said the president was "taking bold action to hold [the three countries] accountable to their promises of halting illegal immigration and stopping poisonous fentanyl and other drugs from flowing into our country". Fentanyl is linked to tens of thousands of overdose deaths in the US each year. The Trump administration says the chemicals come from China, while Mexican gangs supply it illegally and run fentanyl labs in Canada. Canadian Prime Minister Justin Trudeau said his country was responsible for less than 1% of fentanyl entering the US, most of which comes from Mexico. How Japan sparked Trump's 40-year love affair with tariffs Faisal Islam: The tariff wars have begun - buckle up Trump's tariffs risk economic turbulence - and voter backlash.