$SOL just pumped to $85.07 and I think this is the trap.
$SOL bounced from $81.25 to $85.07. It looks strong. It is not. It is now sitting at $84.49, right under the $85.07 wall that already rejected it.
The bigger picture is still weak. 7 days is -9.56%, 30 days is -24.24%, 1 year is -48.97%. Today is +1.88%, but that is just a relief bounce inside a downtrend, not a reversal.
If $84.49 fails here, the drop opens straight back to $81.25. If $81.25 breaks, $80.98 is next, that is where your arrow is pointing. If $85.07 reclaims with volume, my bearish idea is wrong.
My plan is simple. Short near $84.49, stop above $85.07, target $81.25 and $80.98. Long only if $85.07 reclaims. Risk 1 to 2%, 5x to 10x isolated max.
Tell me, does $81.25 break or $85.07 reclaim?
Comment DOWN if $81.25 breaks, UP if $85.07 reclaims.
Tap $SOL to trade this $84.49 trap, trade on this same coin.
$SOL bounced from $81.25 to $85.07. It looks strong. It is not. It is now sitting at $84.49, right under the $85.07 wall that already rejected it.
The bigger picture is still weak. 7 days is -9.56%, 30 days is -24.24%, 1 year is -48.97%. Today is +1.88%, but that is just a relief bounce inside a downtrend, not a reversal.
If $84.49 fails here, the drop opens straight back to $81.25. If $81.25 breaks, $80.98 is next, that is where your arrow is pointing. If $85.07 reclaims with volume, my bearish idea is wrong.
My plan is simple. Short near $84.49, stop above $85.07, target $81.25 and $80.98. Long only if $85.07 reclaims. Risk 1 to 2%, 5x to 10x isolated max.
Tell me, does $81.25 break or $85.07 reclaim?
Comment DOWN if $81.25 breaks, UP if $85.07 reclaims.
Tap $SOL to trade this $84.49 trap, trade on this same coin.
