Short $SOL : resistance zone 119.7–119.8 on the 4H
Sellers need to defend this level. If it holds, I expect to see a move down to 118.
The read:
- 4H price at 120 is above EMA50 at 119, so this is a fade against the trend.
- BTC short-term trend bearish, adding pressure to this setup.
- Risk 0.71% to SL vs 1.1% to TP3 offers decent R/R for this trade.
🔴 SHORT · Entry 119.7–119.8 · TP 119.2 / 118.9 / 118.4 · SL 120.6
NFA · DYOR
Sellers need to defend this level. If it holds, I expect to see a move down to 118.
The read:
- 4H price at 120 is above EMA50 at 119, so this is a fade against the trend.
- BTC short-term trend bearish, adding pressure to this setup.
- Risk 0.71% to SL vs 1.1% to TP3 offers decent R/R for this trade.
🔴 SHORT · Entry 119.7–119.8 · TP 119.2 / 118.9 / 118.4 · SL 120.6
NFA · DYOR
