🔴 $SOL/USDT – SHORT BIAS
SOL is still under strong selling pressure, with the trend leaning bearish on both the 4H and 1H timeframes. The price is below the EMA50 and EMA200, indicating that bears remain in control.
📉 Entry zone: 74.58 – 75.25
🎯 TP1: 73.81
🎯 TP2: 72.55
🎯 TP3: 70.66
🛑 Stop Loss: 78.21
⚠️ Note: The 4H RSI is only at 23.2, putting SOL in oversold territory, so a technical rebound could occur at any time.
Strategy: Take profit on 50% at TP1, 25% at TP2, and 25% at TP3. Move the SL to the entry point after TP1 is reached.
Personal view: SOL could continue to decline, but avoid FOMO shorting at low prices. Be patient and wait for a good entry point, and manage your capital carefully! 📉
SOL is still under strong selling pressure, with the trend leaning bearish on both the 4H and 1H timeframes. The price is below the EMA50 and EMA200, indicating that bears remain in control.
📉 Entry zone: 74.58 – 75.25
🎯 TP1: 73.81
🎯 TP2: 72.55
🎯 TP3: 70.66
🛑 Stop Loss: 78.21
⚠️ Note: The 4H RSI is only at 23.2, putting SOL in oversold territory, so a technical rebound could occur at any time.
Strategy: Take profit on 50% at TP1, 25% at TP2, and 25% at TP3. Move the SL to the entry point after TP1 is reached.
Personal view: SOL could continue to decline, but avoid FOMO shorting at low prices. Be patient and wait for a good entry point, and manage your capital carefully! 📉
