đ„ $SOL /USDT PERPETUAL â MY TRADE SETUP
$SOL is trading around $108â110 after a strong rally, but momentum has cooled near the $110â112 resistance zone. RSI is still elevated and derivatives positioning is relatively long-heavy, so a rejection here could trigger a deeper pullback.
đ MY TRADE BIAS: SHORT
đŻ SHORT ENTRY: $109.50â$110.80
đ SL: $113.20
Take Profits:
đŻ TP1: $106.00
đŻ TP2: $103.50
đŻ TP3: $100.00
⥠Trigger: Wait for rejection from $109.5â$110.8 + bearish 15M/1H confirmation.
đ Why this setup?
âą $110â112 = major near-term supply
âą Recent rally has stretched price significantly
âą Momentum is cooling after the move above $110
âą $103â104 is the first important downside support zone
â ïž Invalidation: If SOL gets a strong 1H close above $113.20, I would cancel the short idea.
đ„ My suggestion: Donât FOMO-short at market. Let SOL come into the zone, wait for confirmation, then take the trade.
Would you short the rejection or wait for a breakdown below $106? đ
#SOL #Solana #SOLUSDT #CryptoTrading #FuturesTrading #BinanceSquare #TradingSetup #Altcoins
$SOL is trading around $108â110 after a strong rally, but momentum has cooled near the $110â112 resistance zone. RSI is still elevated and derivatives positioning is relatively long-heavy, so a rejection here could trigger a deeper pullback.
đ MY TRADE BIAS: SHORT
đŻ SHORT ENTRY: $109.50â$110.80
đ SL: $113.20
Take Profits:
đŻ TP1: $106.00
đŻ TP2: $103.50
đŻ TP3: $100.00
⥠Trigger: Wait for rejection from $109.5â$110.8 + bearish 15M/1H confirmation.
đ Why this setup?
âą $110â112 = major near-term supply
âą Recent rally has stretched price significantly
âą Momentum is cooling after the move above $110
âą $103â104 is the first important downside support zone
â ïž Invalidation: If SOL gets a strong 1H close above $113.20, I would cancel the short idea.
đ„ My suggestion: Donât FOMO-short at market. Let SOL come into the zone, wait for confirmation, then take the trade.
Would you short the rejection or wait for a breakdown below $106? đ
#SOL #Solana #SOLUSDT #CryptoTrading #FuturesTrading #BinanceSquare #TradingSetup #Altcoins