đ SOL â SHARP DOWNTREND CONTINUATION & MOVING AVERAGE BREAKDOWN! đ»
$SOL (Solana) is trading lower at 112.42 (-2.99%, or roughly Rs31,136.97), moving within a 24-hour range between a high of 117.17 and a low of 111.14. Price action on this 4-hour chart displays an aggressive downside expansion extending away from recent swing levels, currently trading deeply beneath the fast MA(7) (114.99), MA(25) (118.73), and structural MA(99) (118.91) cluster.
đ QUICK TRADE PLAN â 4H
đŽ SHORT ENTRY: 114.00â117.00 (on relief bounces or retests toward the moving average resistance zone)
đ STOP LOSS: 119.50
đŻ TP1: 108.00
đŻ TP2: 104.00
Are you shorting this Solana breakdown lower as it approaches deeper support, or looking for a potential bounce setup? Let's discuss below! đ
đ Trade: $SOL
#sol #solana #cryptotrading #BinanceSquare #bearish
$SOL (Solana) is trading lower at 112.42 (-2.99%, or roughly Rs31,136.97), moving within a 24-hour range between a high of 117.17 and a low of 111.14. Price action on this 4-hour chart displays an aggressive downside expansion extending away from recent swing levels, currently trading deeply beneath the fast MA(7) (114.99), MA(25) (118.73), and structural MA(99) (118.91) cluster.
đ QUICK TRADE PLAN â 4H
đŽ SHORT ENTRY: 114.00â117.00 (on relief bounces or retests toward the moving average resistance zone)
đ STOP LOSS: 119.50
đŻ TP1: 108.00
đŻ TP2: 104.00
Are you shorting this Solana breakdown lower as it approaches deeper support, or looking for a potential bounce setup? Let's discuss below! đ
đ Trade: $SOL
#sol #solana #cryptotrading #BinanceSquare #bearish