🚀 $SOL
SHORT SETUP 🚀
SOL bounced off the sharp drop to $105.61 and is now drifting sideways under its falling 99 MA on very thin volume. I’m watching for a short on a push into the resistance zone above, not chasing the current candle. 📉
Entry: $111.50 – $112.80
TP1: $110.00
TP2: $108.50
TP3: $106.50
SL: $114.30
🔻 Why SOL is on watch:
Price ($109.98) is sitting just under the 7 MA ($110.04) and just above the 25 MA ($109.68), but is still well below the 99 MA ($113.16), which is sloping down and has capped every bounce since the drop from $123.77 The structure shows lower highs since the $123.77 peak, so the recovery looks corrective inside a downtrend Volume on the bounce has dried up to almost nothing, a sign of weak buying that often fades The 25 MA ($109.68) is the first support, with the $108.50 area below it. A 1H close under $108.80 would confirm sellers are taking over.
Not financial advice. DYOR.
🔔 Follow CoinDispatch for more daily trade setups and market updates!
SHORT SETUP 🚀
SOL bounced off the sharp drop to $105.61 and is now drifting sideways under its falling 99 MA on very thin volume. I’m watching for a short on a push into the resistance zone above, not chasing the current candle. 📉
Entry: $111.50 – $112.80
TP1: $110.00
TP2: $108.50
TP3: $106.50
SL: $114.30
🔻 Why SOL is on watch:
Price ($109.98) is sitting just under the 7 MA ($110.04) and just above the 25 MA ($109.68), but is still well below the 99 MA ($113.16), which is sloping down and has capped every bounce since the drop from $123.77 The structure shows lower highs since the $123.77 peak, so the recovery looks corrective inside a downtrend Volume on the bounce has dried up to almost nothing, a sign of weak buying that often fades The 25 MA ($109.68) is the first support, with the $108.50 area below it. A 1H close under $108.80 would confirm sellers are taking over.
Not financial advice. DYOR.
🔔 Follow CoinDispatch for more daily trade setups and market updates!