$SOL | 🔴 SHORT — Wait for price to recheck the supply zone
SOL is currently around 121.3800, up 0.46% after a strong and quick rally, moving toward local highs.
The scenario I’m monitoring is for the price to continue retesting the supply zone 122.4–124, then for a rejection reaction to appear, opening a correction move toward lower support zones.
SHORT plan
* Entry: 122.4 – 124
* SL: above 126.3
* TP1: 117 – 118.4
* TP2: 112 – 113.6
The point to watch is the reaction at 122.4–124. If the sellers show up here, the 117–118.4 zone will be the first target, followed by 112–113.6.
I prioritize waiting for the price to reach the supply zone rather than chasing a Short while SOL is in the middle of an up-move.
Trading at $SOL 👇
⚠️ Educational only, not investment advice. You are responsible for your own capital management and risk.
SOL is currently around 121.3800, up 0.46% after a strong and quick rally, moving toward local highs.
The scenario I’m monitoring is for the price to continue retesting the supply zone 122.4–124, then for a rejection reaction to appear, opening a correction move toward lower support zones.
SHORT plan
* Entry: 122.4 – 124
* SL: above 126.3
* TP1: 117 – 118.4
* TP2: 112 – 113.6
The point to watch is the reaction at 122.4–124. If the sellers show up here, the 117–118.4 zone will be the first target, followed by 112–113.6.
I prioritize waiting for the price to reach the supply zone rather than chasing a Short while SOL is in the middle of an up-move.
Trading at $SOL 👇
⚠️ Educational only, not investment advice. You are responsible for your own capital management and risk.
