Accumulation signals still need confirmation. $SOL doesn’t look quite right to me at this level. On the 4-hour chart, the price has been stuck below the EMA50 and EMA200, and every rebound has failed to break higher. Has anyone noticed how each rally gets knocked back? This price action looks more like an opportunity for the bears. The moving averages are acting as resistance overhead, and rebound volume isn’t picking up. I see this as a weak recovery, not a reversal.
So I’m considering short positions within the rebound range, where the risk is relatively manageable near the cluster of moving averages. Don’t take a large position—the trend isn’t especially strong. Take it one step at a time, and a rebound to resistance can be a good opportunity to gauge bearish momentum.
🔴 Trade direction: Short
📍 Entry range: 86.3225 – 86.5973
🛑 Stop loss: 88.8746
🎯 Take profit 1: 84.6489
🎯 Take profit 2: 83.4415
🎯 Take profit 3: 81.6305
No need to chase the trend; it will come around in its own time.
Stand with Sister Li, and make every moment count.
#SOL
Tap below to trade 👇
So I’m considering short positions within the rebound range, where the risk is relatively manageable near the cluster of moving averages. Don’t take a large position—the trend isn’t especially strong. Take it one step at a time, and a rebound to resistance can be a good opportunity to gauge bearish momentum.
🔴 Trade direction: Short
📍 Entry range: 86.3225 – 86.5973
🛑 Stop loss: 88.8746
🎯 Take profit 1: 84.6489
🎯 Take profit 2: 83.4415
🎯 Take profit 3: 81.6305
No need to chase the trend; it will come around in its own time.
Stand with Sister Li, and make every moment count.
#SOL
Tap below to trade 👇