๐ด SOL 4H Setup: EMA20-Retest SHORT
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๐ Bias: Bearish. SOL trades near 95.71 (-0.6% 24H) under EMA20 97.07, EMA50 99.41 and EMA200 104.83. The Oct 29-30 dump wicked to 92.34, and price has since stalled in a tight 95.23-97.09 box below the falling EMA20.
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๐งฑ Support: 95.23, 93.62, 92.34
๐ง Resistance: 97.0-97.4 (EMA20 + Oct 31 high), 98.59
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๐ฏ Plan (SHORT)
Entry: 97.0-97.4
Stop loss: 98.7
TP1: 95.23
TP2: 93.62
TP3: 92.34
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๐ง Why: Lower highs since Oct 28 and every bounce fading under the EMA20. A rejection there favors a sweep of the box floor and the Oct 30 lows.
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โ ๏ธ Risk: A 4H close above 98.7 reclaims the Oct 30 high and voids the idea. Keep size small.
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Not financial advice. DYOR.
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$SOL $BTC #SOL #Solana #CryptoTrading #TechnicalAnalysis
โ
๐ Bias: Bearish. SOL trades near 95.71 (-0.6% 24H) under EMA20 97.07, EMA50 99.41 and EMA200 104.83. The Oct 29-30 dump wicked to 92.34, and price has since stalled in a tight 95.23-97.09 box below the falling EMA20.
โ
๐งฑ Support: 95.23, 93.62, 92.34
๐ง Resistance: 97.0-97.4 (EMA20 + Oct 31 high), 98.59
โ
๐ฏ Plan (SHORT)
Entry: 97.0-97.4
Stop loss: 98.7
TP1: 95.23
TP2: 93.62
TP3: 92.34
โ
๐ง Why: Lower highs since Oct 28 and every bounce fading under the EMA20. A rejection there favors a sweep of the box floor and the Oct 30 lows.
โ
โ ๏ธ Risk: A 4H close above 98.7 reclaims the Oct 30 high and voids the idea. Keep size small.
โ
Not financial advice. DYOR.
โ
$SOL $BTC #SOL #Solana #CryptoTrading #TechnicalAnalysis
