The ETF outflow is the signal.
🔴 $SOL - SHORT
Trade Plan:
Current Price: ~93.57
Entry Zone: 92.00 – 95.00
SL: 98.50
TP1: 89.50
TP2: 86.50
TP3: 82.50
SOL is trading at 93.57 after losing the 100 handle, with the 200-day moving average near 98 acting as a distant ceiling and record $71 million outflows from US spot Solana ETFs confirming institutional distribution. The current price sits inside the 92.00–95.00 entry zone at the retest of the broken 95 shelf, which has now flipped into resistance. The 91.50–93.50 range is the last visible support before the thin liquidity void toward 89.50, and a break below it opens 86.50 and then 82.50. Futures data is bearish: open interest is not expanding on the bounce, funding is neutral, and large holders are selling — a combination that typically resolves with continuation lower rather than a squeeze. RSI is weak but not oversold, leaving room for another leg down. A 4H close above 98.50 invalidates the bearish structure. This is an ETF-outflow short with clear institutional confirmation.
Do you short the 95.00 retest or wait for the 91.50 break?
Click below for trade 👇
DYOR & manage risk!
$SOL
🔴 $SOL - SHORT
Trade Plan:
Current Price: ~93.57
Entry Zone: 92.00 – 95.00
SL: 98.50
TP1: 89.50
TP2: 86.50
TP3: 82.50
SOL is trading at 93.57 after losing the 100 handle, with the 200-day moving average near 98 acting as a distant ceiling and record $71 million outflows from US spot Solana ETFs confirming institutional distribution. The current price sits inside the 92.00–95.00 entry zone at the retest of the broken 95 shelf, which has now flipped into resistance. The 91.50–93.50 range is the last visible support before the thin liquidity void toward 89.50, and a break below it opens 86.50 and then 82.50. Futures data is bearish: open interest is not expanding on the bounce, funding is neutral, and large holders are selling — a combination that typically resolves with continuation lower rather than a squeeze. RSI is weak but not oversold, leaving room for another leg down. A 4H close above 98.50 invalidates the bearish structure. This is an ETF-outflow short with clear institutional confirmation.
Do you short the 95.00 retest or wait for the 91.50 break?
Click below for trade 👇
DYOR & manage risk!
$SOL
