SIGNAL: $SOL under pressure at TOKEN2049! Short setup 📉
While the TOKEN2049 conference is underway in Singapore, $SOL is consolidating around $120.80.
On the 4-hour timeframe, indicators show local overbought conditions and signs of buyer exhaustion, opening the door to a technical pullback.
📊 Trading setup (Short):
• Direction: SELL (Short)
• Entry zone: $120.50 – $122.00
• Targets (Take-Profit):
• 🎯 TP1: $116.50 (nearest liquidity)
• 🎯 TP2: $112.00 (support level)
• 🎯 TP3: $107.50 (main target)
• Stop-Loss: $124.80 (candle close above the daily high)
While the TOKEN2049 conference is underway in Singapore, $SOL is consolidating around $120.80.
On the 4-hour timeframe, indicators show local overbought conditions and signs of buyer exhaustion, opening the door to a technical pullback.
📊 Trading setup (Short):
• Direction: SELL (Short)
• Entry zone: $120.50 – $122.00
• Targets (Take-Profit):
• 🎯 TP1: $116.50 (nearest liquidity)
• 🎯 TP2: $112.00 (support level)
• 🎯 TP3: $107.50 (main target)
• Stop-Loss: $124.80 (candle close above the daily high)