đ $SOL
SHORT SETUP đ
Entry: $107.30 - $108.80
TP1: $105.50
TP2: $103.50
TP3: $101.60
SL: $110.30
đ» Why SOL is on watch:
SOL peaked near $122.27, then rolled over into a long downtrend on the 1H with lower highs. After the flush to $101.56, it bounced, but the recovery has stalled, and price is now back at $107.23. đ Price is sitting right on the 7 MA ($107.00) and the 25 MA ($107.08), which are flat and tangled together. The 99 MA ($109.46) is still sloping down above price, so the MA stack is bearish overhead. The bounce off $101.56 ran into the MA zone near $109 and was rejected, making a lower high versus the earlier rally to about $112. Each push higher is being sold. Recent candles are small with mixed colors, which shows indecision and no strong buyer follow-through. The biggest volume spikes have come on red candles, including the flush to the low. Iâm watching for a short on a bounce into the 25 MA and 99 MA zone ($107.50 to $109.50), not chasing the current candle. A 1H close under $105.50 would confirm sellers are taking over, and a close above $110.30 invalidates the setup.
Not financial advice. DYOR.
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SHORT SETUP đ
Entry: $107.30 - $108.80
TP1: $105.50
TP2: $103.50
TP3: $101.60
SL: $110.30
đ» Why SOL is on watch:
SOL peaked near $122.27, then rolled over into a long downtrend on the 1H with lower highs. After the flush to $101.56, it bounced, but the recovery has stalled, and price is now back at $107.23. đ Price is sitting right on the 7 MA ($107.00) and the 25 MA ($107.08), which are flat and tangled together. The 99 MA ($109.46) is still sloping down above price, so the MA stack is bearish overhead. The bounce off $101.56 ran into the MA zone near $109 and was rejected, making a lower high versus the earlier rally to about $112. Each push higher is being sold. Recent candles are small with mixed colors, which shows indecision and no strong buyer follow-through. The biggest volume spikes have come on red candles, including the flush to the low. Iâm watching for a short on a bounce into the 25 MA and 99 MA zone ($107.50 to $109.50), not chasing the current candle. A 1H close under $105.50 would confirm sellers are taking over, and a close above $110.30 invalidates the setup.
Not financial advice. DYOR.
đ Follow CoinDispatch for more daily trade setups and market updates!