I’ve been tracking $SOL closely, and while the broader sentiment is leaning bearish, I’m not looking to chase the move. Discipline is the only thing keeping me in the green right now.
My 3-day model is flagging some interesting order flow shelves around $89.58. If we test this area, the math sets up a potential 4.2:1 reward-to-risk play, but I’m watching the liquidity levels like a hawk before pulling the trigger.
Here is how I’m mapping the trade:
• Entry Zone: $89.58
• TP1: $88.83 (Taking partials here and moving my stop to break even)
• TP2: $88.30 (My final target for this setup)
• Invalidation / Stop-Loss: $90.64 (Risk definition above entry)
• R:R Ratio: ~4.2:1
⚠️ The Trap Setup:
Keep a close eye on that $88.83 level. If we see a clean breakdown, expect a cascade of liquidations dragging us down toward the $88.30 floor. Conversely, if we hold above support, we might see a bounce that traps late shorts. Don't get caught on the wrong side of the wick.
Are you looking to catch the bounce, or are you waiting for the sweep? Let me know your game plan in the comments.
⚠️ Caution: This is an educational chart study only — Not Financial Advice (NFA). Crypto markets are volatile; Do Your Own Research (DYOR).
#SOL #DYOR on #BinanceSquare
My 3-day model is flagging some interesting order flow shelves around $89.58. If we test this area, the math sets up a potential 4.2:1 reward-to-risk play, but I’m watching the liquidity levels like a hawk before pulling the trigger.
Here is how I’m mapping the trade:
• Entry Zone: $89.58
• TP1: $88.83 (Taking partials here and moving my stop to break even)
• TP2: $88.30 (My final target for this setup)
• Invalidation / Stop-Loss: $90.64 (Risk definition above entry)
• R:R Ratio: ~4.2:1
⚠️ The Trap Setup:
Keep a close eye on that $88.83 level. If we see a clean breakdown, expect a cascade of liquidations dragging us down toward the $88.30 floor. Conversely, if we hold above support, we might see a bounce that traps late shorts. Don't get caught on the wrong side of the wick.
Are you looking to catch the bounce, or are you waiting for the sweep? Let me know your game plan in the comments.
⚠️ Caution: This is an educational chart study only — Not Financial Advice (NFA). Crypto markets are volatile; Do Your Own Research (DYOR).
#SOL #DYOR on #BinanceSquare
