🚨 $SOL Short Setup — Overextended Retracement & Local Rejection
SOL is pulling back on the 4-hour chart after hitting its spike high near 110.60 (+13.70% overall rally). Price has dropped back down to 106.35 (-2.50% on the candle), breaking momentum as profit-taking sets in following the push past $108. A failure to reclaim the 108.50 level opens up a continuation of this short-term correction back toward lower demand zones around $100.
📍 Short Entry: 106.50 – 108.80
🎯 TP1: 102.50
🎯 TP2: 101.80
🎯 TP3: 100.50
🛑 Stop Loss: 111.80
⚠️ Risk Notice: Shorting a strongly trending major token requires patience and careful execution. Avoid market selling at the bottom of the red candle—wait for a minor lower timeframe bounce into the retest entry zone, use low leverage, and strictly limit risk to 1% of total capital.
Let the pullback play out — strictly protect capital first! 📉
👇 Click below to open the trade
$HEMI
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