🚨 #SOLUSDT — BRUTAL SELL OFF, BUT I'M WATCHING FOR A REVERSAL! 📉👀
$SOL has taken a serious hit, dropping from $95.91 to $91.58 on the 15M timeframe.
Selling pressure is aggressive, and RSI has dropped to 20.32, putting the market deep into oversold territory.
But remember: oversold doesn't automatically mean it's time to buy.
🎯 HERE'S THE BANTEEX TRADE PLAN:
🟢 LONG SETUP 🔸 WAIT FOR CONFIRMATION
I'm watching the $92.36 Fibonacci 0.618 level.
If buyers reclaim this level with strong volume and successfully hold it as support, a potential relief-bounce long could develop.
🔴 INVALIDATION: $91.58
A clean breakdown below the recent swing low would invalidate the bounce setup.
⚠️ IMPORTANT LEVELS:
• Key reclaim: $92.36
• Major overhead resistance: $94.85 (EMA200)
• Recent swing low: $90.82
🧠 RISK MANAGEMENT:
Maximum planned risk: 1–2% of trading capital. Position size should be calculated according to the actual stop distance. No blind averaging and no emotional entries.
If already in profit, protect gains with a trailing stop.
🔥 MY APPROACH:
I respect the selling pressure, but I won't chase the market. I'll wait for buyers to prove their strength before taking a position.
No FOMO. No revenge trading. Just levels, confirmation and disciplined execution.
Banteex community, are we getting a relief bounce or another leg down? 👇
#sol #BinanceWithdrawalScamWarning #Verify1to1BinanceReserves #priceaction
$SOL has taken a serious hit, dropping from $95.91 to $91.58 on the 15M timeframe.
Selling pressure is aggressive, and RSI has dropped to 20.32, putting the market deep into oversold territory.
But remember: oversold doesn't automatically mean it's time to buy.
🎯 HERE'S THE BANTEEX TRADE PLAN:
🟢 LONG SETUP 🔸 WAIT FOR CONFIRMATION
I'm watching the $92.36 Fibonacci 0.618 level.
If buyers reclaim this level with strong volume and successfully hold it as support, a potential relief-bounce long could develop.
🔴 INVALIDATION: $91.58
A clean breakdown below the recent swing low would invalidate the bounce setup.
⚠️ IMPORTANT LEVELS:
• Key reclaim: $92.36
• Major overhead resistance: $94.85 (EMA200)
• Recent swing low: $90.82
🧠 RISK MANAGEMENT:
Maximum planned risk: 1–2% of trading capital. Position size should be calculated according to the actual stop distance. No blind averaging and no emotional entries.
If already in profit, protect gains with a trailing stop.
🔥 MY APPROACH:
I respect the selling pressure, but I won't chase the market. I'll wait for buyers to prove their strength before taking a position.
No FOMO. No revenge trading. Just levels, confirmation and disciplined execution.
Banteex community, are we getting a relief bounce or another leg down? 👇
#sol #BinanceWithdrawalScamWarning #Verify1to1BinanceReserves #priceaction
