$SOL just flushed with the AI midterm rout. ~$90.12 (−6.6% 24h). I'm already short.
Live: SOLUSDC Perp SHORT · Cross 20x · entry $90.20
TP1 $89.21–89.88 (scale) · TP2 $87.58–88.12
Chart invalidation: 4H close > $98.20
(App liq ~$94.27 at 20x — tighter than the chart stop)
Why the bias stays short:
• Nasdaq/chip rout dragged high-beta crypto; SOL traded with risk-off, not as a safe haven
• Failed bounce into R1 $92.80–93.95 / R2 $96.27–97.32; price still below 4H EMA20/50 ($93.86 / $95.61)
• ~78% of Binance accounts still long into the dump; late longs sit above S1
• US spot SOL ETFs: late-Oct outflows, then zero flows — demand gone
Risks (don't ignore):
• Wilder RSI 1D ~29 / 4H ~37 — oversold bounce risk
• Funding flipped slightly negative → squeeze possible
• A big long flush already happened (OI −~10% USD on the dump)
If price bounces into R1 without reclaiming EMAs, that's the add zone — not chase at S1.
Does $89 break into a fresh long flush toward $87.5, or does the 30 RSI squeeze shorts back to $94 first?
NFA. DYOR.
Live: SOLUSDC Perp SHORT · Cross 20x · entry $90.20
TP1 $89.21–89.88 (scale) · TP2 $87.58–88.12
Chart invalidation: 4H close > $98.20
(App liq ~$94.27 at 20x — tighter than the chart stop)
Why the bias stays short:
• Nasdaq/chip rout dragged high-beta crypto; SOL traded with risk-off, not as a safe haven
• Failed bounce into R1 $92.80–93.95 / R2 $96.27–97.32; price still below 4H EMA20/50 ($93.86 / $95.61)
• ~78% of Binance accounts still long into the dump; late longs sit above S1
• US spot SOL ETFs: late-Oct outflows, then zero flows — demand gone
Risks (don't ignore):
• Wilder RSI 1D ~29 / 4H ~37 — oversold bounce risk
• Funding flipped slightly negative → squeeze possible
• A big long flush already happened (OI −~10% USD on the dump)
If price bounces into R1 without reclaiming EMAs, that's the add zone — not chase at S1.
Does $89 break into a fresh long flush toward $87.5, or does the 30 RSI squeeze shorts back to $94 first?
NFA. DYOR.
