*$SOL - Bearish Setup in Play? Watching $106 Rejection 📉*
$SOL showing weakness after rejection around $107.44. Currently trading ∼$104.5 and struggling to reclaim value area.
*My Bearish Plan for $SOL / USDT (Futures Idea)*
*Bias:* Short on strength
*Invalidation / SL:* $106
*Targets:* $95 - $90
*Reasoning:* SOL lost $105.24 VWAP, trading below weekly VWAP $106.04. If $104.50 fails, next volume supports are $102.38 -> $100.6. Momentum shifting to sellers.
This is a counter-trend scalp in a volatile market. $106 is the key level - reclaim above it and bearish idea is invalid.
High leverage = high risk. Manage risk, use strict SL. Don't over-leverage.
Are you bullish or bearish on SOL this weekend?
Not financial advice. Trade your own plan. NFA.
#SOL #SOLUSDT #CryptoTrading #Bearish #BinanceSquare
$SOL showing weakness after rejection around $107.44. Currently trading ∼$104.5 and struggling to reclaim value area.
*My Bearish Plan for $SOL / USDT (Futures Idea)*
*Bias:* Short on strength
*Invalidation / SL:* $106
*Targets:* $95 - $90
*Reasoning:* SOL lost $105.24 VWAP, trading below weekly VWAP $106.04. If $104.50 fails, next volume supports are $102.38 -> $100.6. Momentum shifting to sellers.
This is a counter-trend scalp in a volatile market. $106 is the key level - reclaim above it and bearish idea is invalid.
High leverage = high risk. Manage risk, use strict SL. Don't over-leverage.
Are you bullish or bearish on SOL this weekend?
Not financial advice. Trade your own plan. NFA.
#SOL #SOLUSDT #CryptoTrading #Bearish #BinanceSquare