๐ฅ $SOL
/USDT SHORT TRADE SIGNAL โ MOVING AVERAGE REJECTION ๐ฅ
๐ง Technical Overview:
On the 1h timeframe, Solana ($SOL ) is trading around $225.62, sitting below all three key MAs:
MA(7): $227.86
MA(25): $223.84
MA(99): $228.86
Price recently faced a strong rejection from the 24h High ($229.72) and slipped back under both the MA(7) and MA(99). The current candle is retesting MA(25) from above, signaling potential bearish continuation.
The pattern of lower highs and lower lows over recent hours reflects fading bullish momentum โ a possible setup for a short-term pullback or reversal.
---
๐ Trade Setup: SHORT Entry
Entry Trigger: Confirmed break and close below MA(25)
Entry Price: $223.50
Take Profit (TP1): $220.00 (psychological & recent support)
Take Profit (TP2): $217.50 (near 24h Low $217.30)
Stop Loss (SL): $229.00 (above recent high & MA(99) resistance)
/USDT SHORT TRADE SIGNAL โ MOVING AVERAGE REJECTION ๐ฅ
๐ง Technical Overview:
On the 1h timeframe, Solana ($SOL ) is trading around $225.62, sitting below all three key MAs:
MA(7): $227.86
MA(25): $223.84
MA(99): $228.86
Price recently faced a strong rejection from the 24h High ($229.72) and slipped back under both the MA(7) and MA(99). The current candle is retesting MA(25) from above, signaling potential bearish continuation.
The pattern of lower highs and lower lows over recent hours reflects fading bullish momentum โ a possible setup for a short-term pullback or reversal.
---
๐ Trade Setup: SHORT Entry
Entry Trigger: Confirmed break and close below MA(25)
Entry Price: $223.50
Take Profit (TP1): $220.00 (psychological & recent support)
Take Profit (TP2): $217.50 (near 24h Low $217.30)
Stop Loss (SL): $229.00 (above recent high & MA(99) resistance)