๐ SOL โ BREAKDOWN & MOVING AVERAGE LOSS! ๐ป
$SOL (Solana) is trading lower at 116.31 (-3.35%, or roughly Rs32,212.05), moving within a 24-hour range between a high of 121.98 and a low of 116.22. Price action on this 4-hour chart displays a sharp downside continuation sliding away from the recent swing high, currently pressing underneath the fast MA(7) (118.88), MA(25) (120.06), and structural MA(99) (119.04) cluster.
๐ QUICK TRADE PLAN โ 4H
๐ด SHORT ENTRY: 117.50โ119.50 (on relief bounces or retests toward the broken moving average resistance zone)
๐ STOP LOSS: 121.50
๐ฏ TP1: 112.00
๐ฏ TP2: 108.00
Are you shorting this Solana breakdown lower, or waiting for a stabilization sign near key support? Let's discuss below! ๐
๐ Trade: $SOL
#sol #Solana #cryptotrading #BinanceSquare #bearish
$SOL (Solana) is trading lower at 116.31 (-3.35%, or roughly Rs32,212.05), moving within a 24-hour range between a high of 121.98 and a low of 116.22. Price action on this 4-hour chart displays a sharp downside continuation sliding away from the recent swing high, currently pressing underneath the fast MA(7) (118.88), MA(25) (120.06), and structural MA(99) (119.04) cluster.
๐ QUICK TRADE PLAN โ 4H
๐ด SHORT ENTRY: 117.50โ119.50 (on relief bounces or retests toward the broken moving average resistance zone)
๐ STOP LOSS: 121.50
๐ฏ TP1: 112.00
๐ฏ TP2: 108.00
Are you shorting this Solana breakdown lower, or waiting for a stabilization sign near key support? Let's discuss below! ๐
๐ Trade: $SOL
#sol #Solana #cryptotrading #BinanceSquare #bearish