#SOL $SOL
📊 MARKET UPDATE
This asset has reached a major global resistance zone and received a very strong bearish reaction — more than 10% to the downside.
At the moment, I see signs of distribution developing, similar to what we’re seeing with Bitcoin.
📈 I’m still waiting for one final liquidity sweep of early SHORT positions — ideally a move to update the local high, or at least a push toward 98.
From there, in my view, we could see another, more aggressive bearish reaction and a move lower.
⚠️ But I will NOT enter a SHORT without a confirmed structure break on the 1-hour timeframe.
For now, I’m simply observing.
🎯 Once I get either:
• a confirmed 1H structure break, or
• a SHORT signal from my indicator,
I’ll consider entering the trade.
🧠 Patience is part of the strategy. There is no need to force a position before the setup is confirmed.
⚠️ Not financial advice. Manage your risk and be patient.
📊 MARKET UPDATE
This asset has reached a major global resistance zone and received a very strong bearish reaction — more than 10% to the downside.
At the moment, I see signs of distribution developing, similar to what we’re seeing with Bitcoin.
📈 I’m still waiting for one final liquidity sweep of early SHORT positions — ideally a move to update the local high, or at least a push toward 98.
From there, in my view, we could see another, more aggressive bearish reaction and a move lower.
⚠️ But I will NOT enter a SHORT without a confirmed structure break on the 1-hour timeframe.
For now, I’m simply observing.
🎯 Once I get either:
• a confirmed 1H structure break, or
• a SHORT signal from my indicator,
I’ll consider entering the trade.
🧠 Patience is part of the strategy. There is no need to force a position before the setup is confirmed.
⚠️ Not financial advice. Manage your risk and be patient.
