$SOL Hexagram Fu (Return): Earth above Thunder. Thunder lies beneath the earth; one yang line returns. The Fu hexagram suggests that when the daily chart is weak and near oversold, don't rush in recklessly. A light short on a rebound—or simply waiting on the sidelines—could both work.
SOL is currently around 95.4, with the daily RSI hovering near oversold. The 96.5–98.5 area above is short-term rebound resistance.
I’d lean toward waiting for it to rally into that resistance zone before taking a light short:
Entry range: 96.5–98.5
Stop-loss: 102 (with some room beyond the nearby structure)
Take-profit 1: 94.5
Take-profit 2: 93.1
Take-profit 3: 90
At the first take-profit, close half the position and move the stop-loss to breakeven. If it can't make it up there, stay out. If the daily candle closes above 102, the plan is invalidated. Keep the position size small; don't fight the oversold zone.
One yang line returns—no need to rush. Do you think SOL will first rally to 96.5–98.5 and give you a short entry, or drop to 93.1 first?
Follow me for updates. These are my personal views, not investment advice.
SOL is currently around 95.4, with the daily RSI hovering near oversold. The 96.5–98.5 area above is short-term rebound resistance.
I’d lean toward waiting for it to rally into that resistance zone before taking a light short:
Entry range: 96.5–98.5
Stop-loss: 102 (with some room beyond the nearby structure)
Take-profit 1: 94.5
Take-profit 2: 93.1
Take-profit 3: 90
At the first take-profit, close half the position and move the stop-loss to breakeven. If it can't make it up there, stay out. If the daily candle closes above 102, the plan is invalidated. Keep the position size small; don't fight the oversold zone.
One yang line returns—no need to rush. Do you think SOL will first rally to 96.5–98.5 and give you a short entry, or drop to 93.1 first?
Follow me for updates. These are my personal views, not investment advice.
