The ETH strategy I shared earlier has now successfully taken profit. The opportunity is here: the four-hour moving-average structure for $SOL makes it clear—price is below EMA50, and EMA50 is below EMA200. The bearish alignment has remained intact. In this kind of structure, rebounds often offer a better entry for short positions rather than signaling a trend reversal. We haven’t seen any signs of increased buying volume, which suggests sellers are still in control.
What I’m watching more closely is how price behaves when it rebounds toward the moving averages—that’s the real test of bearish strength. As long as price can’t break above them and volume doesn’t pick up, further downside is more likely. Short-term volatility is inevitable, but until the structure changes, we shouldn’t be quick to change our bias.
🔴 Trade direction: Short
📍 Entry range: 89.2187 – 89.4507
🛑 Stop loss: 91.9783
🎯 Take profit 1: 87.3520
🎯 Take profit 2: 86.0303
🎯 Take profit 3: 84.0476
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the ebb and flow of gains and losses.
#SOL
Click below to trade 👇
What I’m watching more closely is how price behaves when it rebounds toward the moving averages—that’s the real test of bearish strength. As long as price can’t break above them and volume doesn’t pick up, further downside is more likely. Short-term volatility is inevitable, but until the structure changes, we shouldn’t be quick to change our bias.
🔴 Trade direction: Short
📍 Entry range: 89.2187 – 89.4507
🛑 Stop loss: 91.9783
🎯 Take profit 1: 87.3520
🎯 Take profit 2: 86.0303
🎯 Take profit 3: 84.0476
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the ebb and flow of gains and losses.
#SOL
Click below to trade 👇