$SOL is bouncing straight into a supply zone. I'm watching for a short. 🔻
SOL fell from 109 to 90.82, with lower highs all the way down. It's now bouncing back toward the zone where the last leg down started.
🎯 Trade plan: SOLUSDT Perp SHORT
• Entry (limit): 94.50
• Stop loss: 96.09
• TP1: 91.33 (1:2)
• TP2: 89.74 (1:3)
📊 The setup (4H)
• Daily + 4H trend: lower highs and lower lows
• 4H bearish order block: 94.08 – 94.96
• Entry is under the last 4H lower high, with the stop above it
⚠️ Watch out
• BTC is bouncing on lower timeframes, so the zone could fail
• US midterm election results come in tonight, so expect sharp moves
• If price closes a 4H candle above 96.09, the idea is cancelled
Risk small, with a fixed stop. Don't chase if it doesn't fill.
Are you shorting this bounce or waiting for a breakout? 👇
#sol #Solana #cryptotrading #TradingSignals #altcoins
Not financial advice. DYOR.
SOL fell from 109 to 90.82, with lower highs all the way down. It's now bouncing back toward the zone where the last leg down started.
🎯 Trade plan: SOLUSDT Perp SHORT
• Entry (limit): 94.50
• Stop loss: 96.09
• TP1: 91.33 (1:2)
• TP2: 89.74 (1:3)
📊 The setup (4H)
• Daily + 4H trend: lower highs and lower lows
• 4H bearish order block: 94.08 – 94.96
• Entry is under the last 4H lower high, with the stop above it
⚠️ Watch out
• BTC is bouncing on lower timeframes, so the zone could fail
• US midterm election results come in tonight, so expect sharp moves
• If price closes a 4H candle above 96.09, the idea is cancelled
Risk small, with a fixed stop. Don't chase if it doesn't fill.
Are you shorting this bounce or waiting for a breakout? 👇
#sol #Solana #cryptotrading #TradingSignals #altcoins
Not financial advice. DYOR.
