$SOL is losing buying momentum after a rebound to $105.88 and is preparing to remove accumulated liquidity from longs in the $102.20–99.00 area!
$SOL - 🔴 SHORT · 80% CONF
Trading plan:
• Entry zone: 103.65 – 104.50
• SL: 106.50
• TP1: 102.20
• TP2: 100.00
• TP3: 97.50
Why this specific setup?
• Formation of a local high at $105.88 with a quick pullback and consolidation below the EMA7 ($103.86) on the 1h chart.
• Declining trading volume after the pump, indicating buyer weakness and sellers taking the initiative.
• A large pool of long liquidations in the $102.50–99.00 area on the heatmap, serving as the nearest price magnet.
• A reliable stop-loss at the local high $105.88 ($106.50) to protect against a repeat impulse.
Can the bears push through EMA25 ($103.36) and unload price to EMA99 ($102.26)?
⚠️ Analysis for informational purposes only. NFA — manage your risk and DYOR.
$SOL - 🔴 SHORT · 80% CONF
Trading plan:
• Entry zone: 103.65 – 104.50
• SL: 106.50
• TP1: 102.20
• TP2: 100.00
• TP3: 97.50
Why this specific setup?
• Formation of a local high at $105.88 with a quick pullback and consolidation below the EMA7 ($103.86) on the 1h chart.
• Declining trading volume after the pump, indicating buyer weakness and sellers taking the initiative.
• A large pool of long liquidations in the $102.50–99.00 area on the heatmap, serving as the nearest price magnet.
• A reliable stop-loss at the local high $105.88 ($106.50) to protect against a repeat impulse.
Can the bears push through EMA25 ($103.36) and unload price to EMA99 ($102.26)?
⚠️ Analysis for informational purposes only. NFA — manage your risk and DYOR.
