$SOL - SHORT move on the radar (x40)
$SOL momentum cooling off or just catching its breath? Neither side is settled yet.
- $SOL's RSI sits at 31 on the 1-hour and 41 on the 4-hour, both below 50 but above 30, so sellers hold control without full exhaustion.
- A clean move would stand out since a typical 30-minute candle only swings about 0.6%.
TRADE PLAN
Entry zone: 103.42 - 103.54 (ref 103.502)
TP1: 102.6 (+0.87%)
TP2: 101.7 (+1.74%)
TP3: 101.1 (+2.32%)
Stop loss: 104.34 (-0.81%)
LONG vs SHORT: 5 vs 85, SHORT favored
🔴 Short (5/7): 4H trend down, 1H confirms, 30m below EMAs
🟢 Long (1/7): takers buying
Why wait: price already ran, no chasing
Flip: a close above 104.34 kills the short idea
⚠️ Personal market insight, not investment advice. DYOR.
$SOL momentum cooling off or just catching its breath? Neither side is settled yet.
- $SOL's RSI sits at 31 on the 1-hour and 41 on the 4-hour, both below 50 but above 30, so sellers hold control without full exhaustion.
- A clean move would stand out since a typical 30-minute candle only swings about 0.6%.
TRADE PLAN
Entry zone: 103.42 - 103.54 (ref 103.502)
TP1: 102.6 (+0.87%)
TP2: 101.7 (+1.74%)
TP3: 101.1 (+2.32%)
Stop loss: 104.34 (-0.81%)
LONG vs SHORT: 5 vs 85, SHORT favored
🔴 Short (5/7): 4H trend down, 1H confirms, 30m below EMAs
🟢 Long (1/7): takers buying
Why wait: price already ran, no chasing
Flip: a close above 104.34 kills the short idea
⚠️ Personal market insight, not investment advice. DYOR.