That is a very risky way to play it.
Yes $SOL can pull back to 120 from 124 to 125 resistance, we talked about that, but shorting directly at market without a stop is dangerous, especially when trend on 4H is still bullish and 500M USDC just came into Solana ecosystem.
If you short here smart risk management is key. Many traders wait for rejection confirmation like a 4H close below 122 or a break of 122.10 low, with stop above 125.50, target 120 then 119.
No waterfall is guaranteed. Price already bounced from 118 to 124, so shorts can get squeezed if it breaks 125.
This is not financial advice. Use stop loss and do not go all in on one short.
#StopLossTruths
#RiskAnalysis
$DOT
$XRP
Yes $SOL can pull back to 120 from 124 to 125 resistance, we talked about that, but shorting directly at market without a stop is dangerous, especially when trend on 4H is still bullish and 500M USDC just came into Solana ecosystem.
If you short here smart risk management is key. Many traders wait for rejection confirmation like a 4H close below 122 or a break of 122.10 low, with stop above 125.50, target 120 then 119.
No waterfall is guaranteed. Price already bounced from 118 to 124, so shorts can get squeezed if it breaks 125.
This is not financial advice. Use stop loss and do not go all in on one short.
#StopLossTruths
#RiskAnalysis
$DOT
$XRP
