Why Short?: Overbought exhaustion + divergence = reversion play; invalidates above $0.330 (flip long to $0.35).
Alternative Long (Continuation): Entry $0.315–$0.317; SL $0.30; TPs $0.32/$0.35/$0.40. Prob ~30%, on vol surge.
Execution Tips: US/Asia overlap for vol; alerts on $0.32 reject/$0.315 hold. Risk 1%—LSK's beta amplifies. DYOR, watch IDRX news for catalysts. Fade the rip, or ride if breaks!
Alt Short (Further Breakdown): Entry $167–$170; SL $173; TPs $163/$160/$155. Prob ~30%, on failed bounce.
Execution Tips: Watch US close/Asia open for reversal; alerts on $165 hold/$160 break. Risk 1%—SOL's vol amplifies moves. DYOR, this dip smells like opportunity. Trade responsibly!
Why Short?: Overbought exhaustion + divergence = mean reversion; invalidates above $0.197 (flip long to $0.21).
Alternative Long (Dip Buy): Entry $0.162–$0.165; SL $0.154; TPs $0.190/$0.205/$0.210. Prob ~30%, only on volume rebound.
Execution Tips: Asia/US overlap for vol; alerts on $0.190 reject/$0.165 hold. Risk 1%—memecoins nuke fast (e.g., 1h centralized). DYOR, watch SOL for correlation. If listings confirm, squeeze to $0.25 possible, but trade the fade first!
Given extreme RSI (95+) and post-pump fatigue, short is the higher-prob play for mean-reversion. Use 5–10x leverage (1% account risk max). Focus 1H/4H for entry on rejection.
Entry: Short $1.42–$1.50 (wick rejection at R1, bearish candle or MACD flip). Confirm volume drop or RSI divergence.
Why Solid Long?: Narrative strength (Evolution, milestones), short dominance for fuel, neutral-to-buy techs—invalidates on $78 break (then short to $68).
Alternative Short (Rejection Fade): Entry $92–$95 on bearish wick; SL $98; TPs $86 / $82 / $76. Prob ~35%, only if RSI spikes >85 and volume fades.
Execution Tips: Time for US session vol; alerts on $82 hold or $90 break. High beta to alts—risk 1-2% portfolio, DYOR. If squeeze ignites, $150+ feasible short-term, but watch regs/delists. Trade smart!
$ZK Recommended Long Setup: Leverage 3-5x max; aim for R:R 1:2+
Entry: $0.062–$0.064 (current dip or retest support). Confirm with 1H bullish close (e.g., hammer candle) or volume rebound >$700M.
Stop Loss: $0.058 (below Fib + buffer; ~6-8% risk). Trail to $0.063 on gains.
Take Profits: TP1: $0.070 (resistance, ~8% gain; scale 30%). TP2: $0.080 (extension, psych level; scale 40%). TP3: $0.090+ (ambitious if hype builds; scale rest for 20%+ R:R).
Why Solid Long?: Catalyst intact (Vitalik, upgrades), neutral RSI room, sector strength—invalidates only on $0.058 break (then short to $0.055).
Alternative Short (If Rejection/Deepens): Entry $0.066 on failed bounce; SL $0.070; TPs $0.060 / $0.055 / $0.050. Lower prob (~30%) unless RSI spikes >80 again.
Execution Tips: Watch 1H close for confirmation; set alerts on $0.062 hold. High vol means quick moves—risk small (1-2% portfolio), DYOR. If sustains, $0.10+ feasible soon. Trade responsibly!