🔴 $SOL /USDT SHORT SETUP – Sellers Remain in Control!
I am watching $SOL/USDT for a potential downside move. The 4H chart shows a bearish EMA structure, with price trading below both EMAs, suggesting sellers are maintaining control.
I am interested in the following short entry zone:
📍 Entry Zone: 89.4064 – 89.5136
🎯 Take Profit Targets:
* TP1: 88.4923 (-1.1%)
* TP2: 87.8472 (-1.8%)
* TP3: 86.8795 (-2.9%)
🛑 Stop Loss: 90.7502 (+1.4%)
📊 Trade Management:
* Close 50% of the position at TP1.
* Close 25% at TP2.
* Close the remaining 25% at TP3.
* After TP1, move SL to the entry level.
Why This Trade?
The 4H timeframe shows price below both EMAs, forming a bearish structure. This suggests that the overall swing trend remains downward, with sellers currently having the advantage.
My Strategy: I will wait for price to enter the specified zone rather than chase the move. This setup carries moderate conviction, so position size should remain light.
⚠️ Risk Management: Always use proper position sizing and avoid excessive leverage.
💬 Do you agree with this SOL short setup, or do you expect a bullish reversal?
⚠️ Personal market analysis only. NFA. DYOR and manage your own risk.
Educational content only. Not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.#JobsReportRaisesHikeOdds #CPITestsDecemberRateOutlook #HKSFCPlansToRestrictCryptoAndExchangeTerms #CPITestsDecemberRateOutlook
I am watching $SOL/USDT for a potential downside move. The 4H chart shows a bearish EMA structure, with price trading below both EMAs, suggesting sellers are maintaining control.
I am interested in the following short entry zone:
📍 Entry Zone: 89.4064 – 89.5136
🎯 Take Profit Targets:
* TP1: 88.4923 (-1.1%)
* TP2: 87.8472 (-1.8%)
* TP3: 86.8795 (-2.9%)
🛑 Stop Loss: 90.7502 (+1.4%)
📊 Trade Management:
* Close 50% of the position at TP1.
* Close 25% at TP2.
* Close the remaining 25% at TP3.
* After TP1, move SL to the entry level.
Why This Trade?
The 4H timeframe shows price below both EMAs, forming a bearish structure. This suggests that the overall swing trend remains downward, with sellers currently having the advantage.
My Strategy: I will wait for price to enter the specified zone rather than chase the move. This setup carries moderate conviction, so position size should remain light.
⚠️ Risk Management: Always use proper position sizing and avoid excessive leverage.
💬 Do you agree with this SOL short setup, or do you expect a bullish reversal?
⚠️ Personal market analysis only. NFA. DYOR and manage your own risk.
Educational content only. Not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.#JobsReportRaisesHikeOdds #CPITestsDecemberRateOutlook #HKSFCPlansToRestrictCryptoAndExchangeTerms #CPITestsDecemberRateOutlook
