SOL's looking juicy for a short right now, just broke down from a key level. Price is testing a significant area of interest and it's not holding up.
🔴 $SOL SHORT 📉
Entry → $75.0549-$75.2051
Stop → $77.3839 (-3.0%)
TP1 → $74.0030 (+1.5%)
TP2 → $71.3735 (+5.0%)
R/R 1:1.7 • Confidence 64%
This setup's got some teeth to it - we've got a clear market structure break, volume confirming the direction, and a fair value gap that's not filled. The order block and point of interest confluence are also aligning perfectly, making this a pretty compelling short. The chart's telling a story of a potential reversal here.
A 3.0% stop loss feels about right for this one, and I'd be using moderate leverage to maximize the 1:1.7 risk to reward ratio.
If we hit the first target, it might be wise to take some profit off the table and ride the rest, seeing if SOL can really crater from here.
Not financial advice — trade only what you can afford to lose 🙏
$SOL #SOLUSDT #Ace #TradingSignals #Write2Earn
🔴 $SOL SHORT 📉
Entry → $75.0549-$75.2051
Stop → $77.3839 (-3.0%)
TP1 → $74.0030 (+1.5%)
TP2 → $71.3735 (+5.0%)
R/R 1:1.7 • Confidence 64%
This setup's got some teeth to it - we've got a clear market structure break, volume confirming the direction, and a fair value gap that's not filled. The order block and point of interest confluence are also aligning perfectly, making this a pretty compelling short. The chart's telling a story of a potential reversal here.
A 3.0% stop loss feels about right for this one, and I'd be using moderate leverage to maximize the 1:1.7 risk to reward ratio.
If we hit the first target, it might be wise to take some profit off the table and ride the rest, seeing if SOL can really crater from here.
Not financial advice — trade only what you can afford to lose 🙏
$SOL #SOLUSDT #Ace #TradingSignals #Write2Earn