$SOL Everyone is watching $SOL push higher… I’m watching the place where buyers keep getting stopped.
That $124.3–$124.5 area has rejected price again and again. After such a fast pump, seeing price struggle at the same zone is enough for me to try the opposite side.
I’m SHORT $SOL here.
Entry: around $123.8–$124
TP: $121.5–$121.3
SL: $125.3
My idea is pretty simple: the pump was aggressive, but buyers are failing to continue through resistance. If sellers finally take control, I’m expecting price to retrace back toward the area where this move started.
If breaks above the zone and holds, I’m wrong and the SL handles it.
That $124.3–$124.5 area has rejected price again and again. After such a fast pump, seeing price struggle at the same zone is enough for me to try the opposite side.
I’m SHORT $SOL here.
Entry: around $123.8–$124
TP: $121.5–$121.3
SL: $125.3
My idea is pretty simple: the pump was aggressive, but buyers are failing to continue through resistance. If sellers finally take control, I’m expecting price to retrace back toward the area where this move started.
If breaks above the zone and holds, I’m wrong and the SL handles it.
