đ $SOL
SHORT SETUP đ
SOL bounced off the sharp drop to $105.61 and is now drifting sideways under its falling 99 MA on very thin volume. Iâm watching for a short on a push into the resistance zone above, not chasing the current candle. đ
Entry: $111.50 â $112.80
TP1: $110.00
TP2: $108.50
TP3: $106.50
SL: $114.30
đ» Why SOL is on watch:
Price ($109.98) is sitting just under the 7 MA ($110.04) and just above the 25 MA ($109.68), but is still well below the 99 MA ($113.16), which is sloping down and has capped every bounce since the drop from $123.77 The structure shows lower highs since the $123.77 peak, so the recovery looks corrective inside a downtrend Volume on the bounce has dried up to almost nothing, a sign of weak buying that often fades The 25 MA ($109.68) is the first support, with the $108.50 area below it. A 1H close under $108.80 would confirm sellers are taking over.
Not financial advice. DYOR.
đ Follow CoinDispatch for more daily trade setups and market updates!
SHORT SETUP đ
SOL bounced off the sharp drop to $105.61 and is now drifting sideways under its falling 99 MA on very thin volume. Iâm watching for a short on a push into the resistance zone above, not chasing the current candle. đ
Entry: $111.50 â $112.80
TP1: $110.00
TP2: $108.50
TP3: $106.50
SL: $114.30
đ» Why SOL is on watch:
Price ($109.98) is sitting just under the 7 MA ($110.04) and just above the 25 MA ($109.68), but is still well below the 99 MA ($113.16), which is sloping down and has capped every bounce since the drop from $123.77 The structure shows lower highs since the $123.77 peak, so the recovery looks corrective inside a downtrend Volume on the bounce has dried up to almost nothing, a sign of weak buying that often fades The 25 MA ($109.68) is the first support, with the $108.50 area below it. A 1H close under $108.80 would confirm sellers are taking over.
Not financial advice. DYOR.
đ Follow CoinDispatch for more daily trade setups and market updates!