$SOL /USDT: Bears Maintain Control
SOL remains under pressure on both the 1H and 4H timeframes, trading below EMA 50 and EMA 200. RSI at 43.8 indicates sellers still have an advantage.
Short Entry: $104.368 – $104.532
TP1: $103.0129
TP2: $102.0548
TP3: $100.6176
Stop Loss: $106.3662
Trade Plan: Close 50% at TP1, 25% at TP2, and the remaining 25% at TP3. After TP1, consider moving the stop loss to entry.
Invalidation: A move above $106.3662 would invalidate the bearish setup.
Bias: Short
Conviction: Moderate
Wait for confirmation before entering. Keep position size small and avoid chasing the market. $SOL
#Write2Earn #Binance #Crypto #BinancePick #EarningsSeason
SOL remains under pressure on both the 1H and 4H timeframes, trading below EMA 50 and EMA 200. RSI at 43.8 indicates sellers still have an advantage.
Short Entry: $104.368 – $104.532
TP1: $103.0129
TP2: $102.0548
TP3: $100.6176
Stop Loss: $106.3662
Trade Plan: Close 50% at TP1, 25% at TP2, and the remaining 25% at TP3. After TP1, consider moving the stop loss to entry.
Invalidation: A move above $106.3662 would invalidate the bearish setup.
Bias: Short
Conviction: Moderate
Wait for confirmation before entering. Keep position size small and avoid chasing the market. $SOL
#Write2Earn #Binance #Crypto #BinancePick #EarningsSeason