📊 $SOL Short Setup | Supply Distribution Zone
$SOL
A short position on Solana was initiated with a view that the price may retrace toward lower support levels, acknowledging the inherent volatility of the cryptocurrency market.
🔹 Short Setup
Entry: 103.56 – 103.70
1️⃣ TP: 102.29
2️⃣ TP: 101.03
3️⃣ TP: 99.76
4️⃣ TP: 98.50
5️⃣ TP: 97.23
🛑 Stop Loss: 104.83
The trade signals a cautious approach, recognizing that while there is a potential for downward movement, market sentiment could shift unexpectedly. The strategy focuses on managing risk through careful monitoring of support thresholds and maintaining flexibility in response to any change in momentum.
Not financial advice.
$SOL
A short position on Solana was initiated with a view that the price may retrace toward lower support levels, acknowledging the inherent volatility of the cryptocurrency market.
🔹 Short Setup
Entry: 103.56 – 103.70
1️⃣ TP: 102.29
2️⃣ TP: 101.03
3️⃣ TP: 99.76
4️⃣ TP: 98.50
5️⃣ TP: 97.23
🛑 Stop Loss: 104.83
The trade signals a cautious approach, recognizing that while there is a potential for downward movement, market sentiment could shift unexpectedly. The strategy focuses on managing risk through careful monitoring of support thresholds and maintaining flexibility in response to any change in momentum.
Not financial advice.