Why am I shorting $SOL here when everyone is waiting for another bounce?
Look at the 30-minute chart. After the push above $121, buyers couldn’t hold the move, and now we’ve got a strong bearish candle pushing price back below the $120 area.
That rejection is what caught my attention. After moves like this, I usually watch whether the next candles can reclaim the rejected area. If they can’t, the weakness can continue.
So I’m taking a SHORT on $SOL here.
TP: $115.96
SL: $121.15 👇🏻
The setup stays valid for me while $120–$121 remains rejected. I’m watching for continuation toward the liquidity below rather than chasing a bounce.
Look at the 30-minute chart. After the push above $121, buyers couldn’t hold the move, and now we’ve got a strong bearish candle pushing price back below the $120 area.
That rejection is what caught my attention. After moves like this, I usually watch whether the next candles can reclaim the rejected area. If they can’t, the weakness can continue.
So I’m taking a SHORT on $SOL here.
TP: $115.96
SL: $121.15 👇🏻
The setup stays valid for me while $120–$121 remains rejected. I’m watching for continuation toward the liquidity below rather than chasing a bounce.
