$SOL - SHORT setup (x50)
$SOL is pressed right up against its long-term average on the 30-minute chart.
Price sits 2.2% under the 200 EMA, with the 34 and 89 EMAs stacked overhead. That stack means shorter averages are still above longer ones, which is the shape of a downtrend rather than a bounce. Funding at 0.0097% means longs pay shorts to hold, so staying long costs money while price stalls.
The entry zone is about 0.1% above price, so nothing triggers until price lifts into it. From there the stop is 0.6% away and the first target 0.7%.
Ever had a setup where funding quietly drained a trade while price just sat there?
Setup:
Entry: 89.23–89.29
TP1: 88.67
TP2: 88.2
TP3: 87.5
SL: 89.84
Part of this idea is already done today. The price here is not the earlier price, and I am sizing for that.
⚠️ Personal market insight, not investment advice. DYOR.
$SOL is pressed right up against its long-term average on the 30-minute chart.
Price sits 2.2% under the 200 EMA, with the 34 and 89 EMAs stacked overhead. That stack means shorter averages are still above longer ones, which is the shape of a downtrend rather than a bounce. Funding at 0.0097% means longs pay shorts to hold, so staying long costs money while price stalls.
The entry zone is about 0.1% above price, so nothing triggers until price lifts into it. From there the stop is 0.6% away and the first target 0.7%.
Ever had a setup where funding quietly drained a trade while price just sat there?
Setup:
Entry: 89.23–89.29
TP1: 88.67
TP2: 88.2
TP3: 87.5
SL: 89.84
Part of this idea is already done today. The price here is not the earlier price, and I am sizing for that.
⚠️ Personal market insight, not investment advice. DYOR.
