This bounce on $SOL is a massive trap. The sellers are still completely in control. 🧐
I’m opening a large short position on $SOL from here.
Entry: 101
Target: 98.5
Stop loss: 102.5 👇
Look at the one-hour chart. We saw a sharp drop to 98.5, then the recovery pushed us up to 102.7. But look at the price action now. It’s facing strong rejection and forming a clear lower high.
Trading volume on these green candles is completely dead. Retail traders think the pullback is over, but buyers have no strength. If we break below this local support at 100, it’ll be a straight drop to the lows.
I’m betting on a drop during this dead-cat bounce.
Who’s joining me in shorting this weakness? 👇
⚠️ Not financial advice. Do your own research.
I’m opening a large short position on $SOL from here.
Entry: 101
Target: 98.5
Stop loss: 102.5 👇
Look at the one-hour chart. We saw a sharp drop to 98.5, then the recovery pushed us up to 102.7. But look at the price action now. It’s facing strong rejection and forming a clear lower high.
Trading volume on these green candles is completely dead. Retail traders think the pullback is over, but buyers have no strength. If we break below this local support at 100, it’ll be a straight drop to the lows.
I’m betting on a drop during this dead-cat bounce.
Who’s joining me in shorting this weakness? 👇
⚠️ Not financial advice. Do your own research.
