$SOL /USDT Signal is *NEUTRAL to BEARISH* right now. Do not chase here, wait for the range edge.
MAIN SIGNAL: SHORT THE REJECTION $SOL
*Entry Zone: 110.50 - 111.00*
Ideal short near MA(99) confluence and 24h high area.
*Stop Loss: 111.80*
Above MA(99) and recent swing high. About 1.0% to 1.2% risk. If 1h closes above 111.80, short is invalid.
*Take Profit Targets:*
- *TP1: 109.00* (range low, take 30% off)
- *TP2: 108.00* (below 24h low, take 40% off)
- *TP3: 105.71* (previous dump low, take 30% off)
Risk to Reward: Risk ∼1.0, Reward to TP2 ∼2.5 to 3.0. Good setup.
ALTERNATE SIGNAL: LONG ONLY ON BREAKOUT
Only valid if price breaks and holds above 110.80 with volume.
*Entry: 110.90 - 111.00 on retest*
*Stop Loss: 109.90*
*TP1: 111.44 (MA99)*
*TP2: 112.50*
*TP3: 114.00*
Do not long inside 109.5 to 110.5, it is chop zone.
*Rules:*
1. Use 1h timeframe for trigger, 4h for trend
2. Risk only 1 to 2% of account
3. If 105.71 breaks on volume, next support is lower, do not catch falling knife
4. Move SL to entry after TP1 hits
$SOL is weak short term. Bulls need a close above 111.44 to flip bias to bullish. Until then, sell the rips is the higher probability play.
#EtherETFsExtendOutflowsToNineDays #EthereumSurpasses2500USDT #XRPLedgerPatchesXRPCreationBug
MAIN SIGNAL: SHORT THE REJECTION $SOL
*Entry Zone: 110.50 - 111.00*
Ideal short near MA(99) confluence and 24h high area.
*Stop Loss: 111.80*
Above MA(99) and recent swing high. About 1.0% to 1.2% risk. If 1h closes above 111.80, short is invalid.
*Take Profit Targets:*
- *TP1: 109.00* (range low, take 30% off)
- *TP2: 108.00* (below 24h low, take 40% off)
- *TP3: 105.71* (previous dump low, take 30% off)
Risk to Reward: Risk ∼1.0, Reward to TP2 ∼2.5 to 3.0. Good setup.
ALTERNATE SIGNAL: LONG ONLY ON BREAKOUT
Only valid if price breaks and holds above 110.80 with volume.
*Entry: 110.90 - 111.00 on retest*
*Stop Loss: 109.90*
*TP1: 111.44 (MA99)*
*TP2: 112.50*
*TP3: 114.00*
Do not long inside 109.5 to 110.5, it is chop zone.
*Rules:*
1. Use 1h timeframe for trigger, 4h for trend
2. Risk only 1 to 2% of account
3. If 105.71 breaks on volume, next support is lower, do not catch falling knife
4. Move SL to entry after TP1 hits
$SOL is weak short term. Bulls need a close above 111.44 to flip bias to bullish. Until then, sell the rips is the higher probability play.
#EtherETFsExtendOutflowsToNineDays #EthereumSurpasses2500USDT #XRPLedgerPatchesXRPCreationBug