Trading Plan Short $SOL
$SOL failed to reclaim 105.41 resistance after a minor sweep, setting up for a flush.
Entry: $104.44-$105.69
Stoploss: $107.25
Targets: $103.80 / $101.50 / $98.50
SOL is stuck below 105.41, with the 1H MACD printing bearish divergence while price remains range-bound. Sellers are aggressive, evident by the 0.78 taker buy/sell ratio, soaking any bids. Open interest is bleeding slightly, but retail and top traders are still crowded long at 1.89 and 2.1 respectively, suggesting distribution is underway. A clean reclaim of $107.25 voids the short thesis.
Trade $SOL here 👇
$SOL failed to reclaim 105.41 resistance after a minor sweep, setting up for a flush.
Entry: $104.44-$105.69
Stoploss: $107.25
Targets: $103.80 / $101.50 / $98.50
SOL is stuck below 105.41, with the 1H MACD printing bearish divergence while price remains range-bound. Sellers are aggressive, evident by the 0.78 taker buy/sell ratio, soaking any bids. Open interest is bleeding slightly, but retail and top traders are still crowded long at 1.89 and 2.1 respectively, suggesting distribution is underway. A clean reclaim of $107.25 voids the short thesis.
Trade $SOL here 👇
