Guys, I'm opening a long on $SOL for a very short term, and I want to be clear about why 🔥
TP: 77-79
Invalidation: 74
First, the bigger picture. For November we are totally bearish, and I'm not changing that view because of one trade. This is only a quick move from a level that is giving us a chance.
The level is the support zone at 74.8. If price keeps getting rejected from that zone, I expect strong buying to come in from there. And above price there is a clear small imbalance that is still not filled, so price has a reason to push upside and take it ❗️
I'm keeping this one short and tactical, so I'm not holding it with a big dream. If price keeps respecting the support, I'll be there for the move 💯
TP: 77-79
Invalidation: 74
First, the bigger picture. For November we are totally bearish, and I'm not changing that view because of one trade. This is only a quick move from a level that is giving us a chance.
The level is the support zone at 74.8. If price keeps getting rejected from that zone, I expect strong buying to come in from there. And above price there is a clear small imbalance that is still not filled, so price has a reason to push upside and take it ❗️
I'm keeping this one short and tactical, so I'm not holding it with a big dream. If price keeps respecting the support, I'll be there for the move 💯
