$SOL is on my radar since yesterday and I am watching this rejection closely, price kept trying to push higher and kept getting sold into. That tells me enough. Here is the trade.
Entry: 73.54-73.981
TP1: 72.285
TP2: 71.548
TP3: 70.81
SL: 74.509
Sellers have been defending this zone every single time price comes up to tap it. No follow through on the buy side, just wicks and rejection.
Structure is heavy up top and volume confirms it, weak on the pushes up, stronger on the pullbacks. Risk is tight here and the reward stacks up nicely across all three targets.
You shorting this or waiting to see 74 first?
DYOR fam.
$SOL $BTC
Entry: 73.54-73.981
TP1: 72.285
TP2: 71.548
TP3: 70.81
SL: 74.509
Sellers have been defending this zone every single time price comes up to tap it. No follow through on the buy side, just wicks and rejection.
Structure is heavy up top and volume confirms it, weak on the pushes up, stronger on the pullbacks. Risk is tight here and the reward stacks up nicely across all three targets.
You shorting this or waiting to see 74 first?
DYOR fam.
$SOL $BTC