The SOL strategy setup we shared earlier has played out, and profits from this round are already secured. Unusual price action often hides traps. The four-hour structure at $BR has already made things clear. Price is below EMA50 and EMA200, the moving averages are bearishly aligned, and the swing trend is clearly downward. In this structure, any rebound looks more like an opportunity for bears to establish positions.
Volume shows no signs of backing a bullish reversal, and every bounce has fizzled out near key levels. There is some buying interest probing the range bottom, but until the structure recovers, I believe further downside is more likely. A rebound is instead an opportunity to gauge bearish momentum.
🔴 Trade direction: Short
📍 Entry range: 0.4572638 – 0.4592791
🛑 Stop loss: 0.4790018
🎯 Take profit 1: 0.4427236
🎯 Take profit 2: 0.4323584
🎯 Take profit 3: 0.4168106
Behold the vastness of mountains and seas; observe the market’s every nuance.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#BR
Click below to trade 👇
Volume shows no signs of backing a bullish reversal, and every bounce has fizzled out near key levels. There is some buying interest probing the range bottom, but until the structure recovers, I believe further downside is more likely. A rebound is instead an opportunity to gauge bearish momentum.
🔴 Trade direction: Short
📍 Entry range: 0.4572638 – 0.4592791
🛑 Stop loss: 0.4790018
🎯 Take profit 1: 0.4427236
🎯 Take profit 2: 0.4323584
🎯 Take profit 3: 0.4168106
Behold the vastness of mountains and seas; observe the market’s every nuance.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#BR
Click below to trade 👇