$SOL
SOL has broken below its previous low at 92.3 and is trading under its moving average with lower lows. RSI is deeply oversold, so I'm waiting for a bounce into the broken support instead of shorting the low.
Entry: 93.0 – 94.0 (on retest)
Stop-loss: 95.0
- TP1: 91.0
- TP2: 90.0
- TP3: 88.5
Reason: Breakdown below the previous low, price under the 9-period MA, and old support turned resistance. A 1H close above 95.0 invalidates the setup.
📰 News: Binance restored withdrawals in phases from November 1, and the October US jobs report is due on November 6. Binance's proof-of-reserves report is also due this week. SOL follows BTC closely, so headlines can swing price either way. Keep size small.
⚠️ Small size, low leverage.
Personal view, not financial advice. DYOR.
#sol #solana #TradingStrategies💼💰 #FutureTarding #BinanceSquare
SOL has broken below its previous low at 92.3 and is trading under its moving average with lower lows. RSI is deeply oversold, so I'm waiting for a bounce into the broken support instead of shorting the low.
Entry: 93.0 – 94.0 (on retest)
Stop-loss: 95.0
- TP1: 91.0
- TP2: 90.0
- TP3: 88.5
Reason: Breakdown below the previous low, price under the 9-period MA, and old support turned resistance. A 1H close above 95.0 invalidates the setup.
📰 News: Binance restored withdrawals in phases from November 1, and the October US jobs report is due on November 6. Binance's proof-of-reserves report is also due this week. SOL follows BTC closely, so headlines can swing price either way. Keep size small.
⚠️ Small size, low leverage.
Personal view, not financial advice. DYOR.
#sol #solana #TradingStrategies💼💰 #FutureTarding #BinanceSquare
