SOL short setup: levels I'm watching
๐ด Short $SOL
/USDT: I expect the price to fall
Bias: Short ยท Bearish bias
Entry: 92.6155 โ 92.7845
Target 1: 91.3166 (-1.5%)
Target 2: 90.3943 (-2.5%)
Target 3: 89.0109 (-4.0%)
Stop loss: 94.5445 (+2.0%)
Plan: Enter only within the range, close 50% at Target 1, 25% at Target 2, and 25% at Target 3, and move the stop loss to the entry price after Target 1.
Note: Confidence is only moderate, so keep the position size small.
Why short? 3/12 signals support it, while one signal contradicts it.
โข 4h trend is bearish (price below EMA50 and EMA200)
โข 1h trend is bearish (price below EMA50 and EMA200)
โข Momentum favors sellers (4h RSI at 35.3)
Risks: BTC is rising, and this coin is following it (correlation coefficient 0.89)
๐ด Short $SOL
/USDT: I expect the price to fall
Bias: Short ยท Bearish bias
Entry: 92.6155 โ 92.7845
Target 1: 91.3166 (-1.5%)
Target 2: 90.3943 (-2.5%)
Target 3: 89.0109 (-4.0%)
Stop loss: 94.5445 (+2.0%)
Plan: Enter only within the range, close 50% at Target 1, 25% at Target 2, and 25% at Target 3, and move the stop loss to the entry price after Target 1.
Note: Confidence is only moderate, so keep the position size small.
Why short? 3/12 signals support it, while one signal contradicts it.
โข 4h trend is bearish (price below EMA50 and EMA200)
โข 1h trend is bearish (price below EMA50 and EMA200)
โข Momentum favors sellers (4h RSI at 35.3)
Risks: BTC is rising, and this coin is following it (correlation coefficient 0.89)