$SOL
Price pushed into the supply zone around 106-107, where two equal highs (EQH, EQH) sat stacked together. That's a double liquidity pool, exactly where sellers tend to step in.
Price tagged the zone and got rejected immediately. No breakout, no continuation, just a sharp wick back down. That rejection confirmed supply was still active and buyers couldn't push through it.
Entered on the retest after the rejection, inside the FVG zone that formed on the pullback. The CHoCH that followed confirmed the shift, structure flipped bearish right where the entry was taken.
Stop went above the rejection high at 0.297% risk. Target set at the next demand zone below, 1.394% away. Risk/reward came out to 4.7.
Price broke down clean through the FVG zones, hit target, closed for 1.4770 PnL on 795.925 qty.
The entry logic held up because it wasn't a blind short into resistance, it was a failed breakout plus retest plus structure confirmation stacking together before taking the trade.
Price pushed into the supply zone around 106-107, where two equal highs (EQH, EQH) sat stacked together. That's a double liquidity pool, exactly where sellers tend to step in.
Price tagged the zone and got rejected immediately. No breakout, no continuation, just a sharp wick back down. That rejection confirmed supply was still active and buyers couldn't push through it.
Entered on the retest after the rejection, inside the FVG zone that formed on the pullback. The CHoCH that followed confirmed the shift, structure flipped bearish right where the entry was taken.
Stop went above the rejection high at 0.297% risk. Target set at the next demand zone below, 1.394% away. Risk/reward came out to 4.7.
Price broke down clean through the FVG zones, hit target, closed for 1.4770 PnL on 795.925 qty.
The entry logic held up because it wasn't a blind short into resistance, it was a failed breakout plus retest plus structure confirmation stacking together before taking the trade.