True accumulation is often hidden behind the appearance of a reversal. On the 4-hour chart, $SOL , the price is held below both moving averages, with EMA50 below EMA200. This bearish alignment indicates that the swing trend is leaning downward, and the rebound looks more like an opportunity for bears to enter. I won’t chase the drop; I’ll wait for the price to return to the upper edge of the previous consolidation zone before considering a trade, where selling pressure is more likely to build again.
Volume hasn’t shown convincing signs of a reversal: rebounds come on lower volume, while declines come on higher volume. Structurally, sellers remain in control. A retest and confirmation after a key level breaks—that’s the kind of bearish setup I’m willing to trade. Keep your position small; don’t rush.
🔴 Trade direction: Short
📍 Entry range: 83.2191 – 83.4308
🛑 Stop loss: 85.6567
🎯 Take profit 1: 81.5761
🎯 Take profit 2: 80.4102
🎯 Take profit 3: 78.6614
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#SOL
Tap below to trade 👇
Volume hasn’t shown convincing signs of a reversal: rebounds come on lower volume, while declines come on higher volume. Structurally, sellers remain in control. A retest and confirmation after a key level breaks—that’s the kind of bearish setup I’m willing to trade. Keep your position small; don’t rush.
🔴 Trade direction: Short
📍 Entry range: 83.2191 – 83.4308
🛑 Stop loss: 85.6567
🎯 Take profit 1: 81.5761
🎯 Take profit 2: 80.4102
🎯 Take profit 3: 78.6614
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#SOL
Tap below to trade 👇