Sharing my current market outlook and short setup plan for Solana ($SOL ):
Asset: $SOL / USDT (Short Setup)
Market Bias: Short / Leaning downward
Entry Zone: 103.89 – 104.08
Take Profit (TP) & Stop Loss (SL):
TP1: 102.50 (-1.4%)
TP2: 101.51 (-2.4%)
TP3: 100.02 (-3.8%)
SL: 105.97 (+1.9%)
Trading Plan & Strategy:
Only look for entries inside the designated zone.
Close 50% of the position at TP1, 25% at TP2, and the remaining 25% at TP3. Move the stop loss to the entry point once TP1 is hit.
Keeping size light as conviction is moderate. Both the 4h and 1h trends are pointing down (trading below EMA50 & EMA200), and it follows BTC's downward movement.
⚠️ Disclaimer: Personal market analysis only. Not financial advice. Always manage your own risk and do your own research (DYOR).
Asset: $SOL / USDT (Short Setup)
Market Bias: Short / Leaning downward
Entry Zone: 103.89 – 104.08
Take Profit (TP) & Stop Loss (SL):
TP1: 102.50 (-1.4%)
TP2: 101.51 (-2.4%)
TP3: 100.02 (-3.8%)
SL: 105.97 (+1.9%)
Trading Plan & Strategy:
Only look for entries inside the designated zone.
Close 50% of the position at TP1, 25% at TP2, and the remaining 25% at TP3. Move the stop loss to the entry point once TP1 is hit.
Keeping size light as conviction is moderate. Both the 4h and 1h trends are pointing down (trading below EMA50 & EMA200), and it follows BTC's downward movement.
⚠️ Disclaimer: Personal market analysis only. Not financial advice. Always manage your own risk and do your own research (DYOR).