TSMC’s Q3 net profit beat expectations and hit a record high, but risk appetite didn’t spill over into the crypto market. SOL fell instead of rising, so I’m leaning bearish in the short term. It’s currently at 103.03, down 4.3% over 24 hours. After reaching a high of 108.64, it pulled back to a low of 100.46, with buy-side absorption at just 1.58%. The funding rate is relatively low at 0.0061%, open interest is 3.103 million, and sentiment is cautious. The order book bid-ask ratio is 0.88, giving sellers the advantage. Resistance is at 107.35, with support at 100.15. Consider a small short position near 106.85 on a rebound, with a stop-loss at 108.95 and a target of 100.55. If the price falls to 100.15 and stabilizes, consider a short-term long with a stop-loss at 98.85 and a target of 104.35. Keep total exposure below 20% and exit immediately if support breaks.

— Just my personal opinion; this is not investment advice. Wishing you successful trading. —

$SOL#TSMC's Q3 net profit exceeded expectations, reaching a record high