$SOL is hovering around the 96 level, yet buyers continue stepping in near 96.40. If bearish momentum continues, that price could look expensive within the next few hours.
$SOL /USDT – Short Setup (High Conviction)
Entry: 96.26–96.54
Stop Loss: 99.72
Targets:
• TP1: 93.91
• TP2: 92.25
• TP3: 89.76
Why this trade?
The setup is based on technical structure, not speculation. The 4H chart remains bearish, while the 1D timeframe is still ranging. On the lower timeframe, RSI is weakening, suggesting downside momentum is already developing.
Entry focuses on the 96.26–96.54 zone, with 96.40 as the key reference.
TP represents roughly a 2.5% move, which is realistic given current volatility.
A daily close above 99.72 would invalidate the setup and signal that bears have lost control.
This is a trend-following short within a broader range, not a breakout trade. Risk management is essential—if you're taking the setup, respect the stop loss.
What do you think? Will SOL reach TP at 92.25 before the weekend, or will buyers defend the range near 93.90?
$SOL /USDT – Short Setup (High Conviction)
Entry: 96.26–96.54
Stop Loss: 99.72
Targets:
• TP1: 93.91
• TP2: 92.25
• TP3: 89.76
Why this trade?
The setup is based on technical structure, not speculation. The 4H chart remains bearish, while the 1D timeframe is still ranging. On the lower timeframe, RSI is weakening, suggesting downside momentum is already developing.
Entry focuses on the 96.26–96.54 zone, with 96.40 as the key reference.
TP represents roughly a 2.5% move, which is realistic given current volatility.
A daily close above 99.72 would invalidate the setup and signal that bears have lost control.
This is a trend-following short within a broader range, not a breakout trade. Risk management is essential—if you're taking the setup, respect the stop loss.
What do you think? Will SOL reach TP at 92.25 before the weekend, or will buyers defend the range near 93.90?