๐ฅ $SOL /USDT PERPETUAL โ MY TRADE SETUP
$SOL is trading around $108โ110 after a strong rally, but momentum has cooled near the $110โ112 resistance zone. RSI is still elevated and derivatives positioning is relatively long-heavy, so a rejection here could trigger a deeper pullback.
๐ MY TRADE BIAS: SHORT
๐ฏ SHORT ENTRY: $109.50โ$110.80
๐ SL: $113.20
Take Profits:
๐ฏ TP1: $106.00
๐ฏ TP2: $103.50
๐ฏ TP3: $100.00
โก Trigger: Wait for rejection from $109.5โ$110.8 + bearish 15M/1H confirmation.
๐ Why this setup?
โข $110โ112 = major near-term supply
โข Recent rally has stretched price significantly
โข Momentum is cooling after the move above $110
โข $103โ104 is the first important downside support zone
โ ๏ธ Invalidation: If SOL gets a strong 1H close above $113.20, I would cancel the short idea.
๐ฅ My suggestion: Donโt FOMO-short at market. Let SOL come into the zone, wait for confirmation, then take the trade.
Would you short the rejection or wait for a breakdown below $106? ๐
#SOL #Solana #SOLUSDT #CryptoTrading #FuturesTrading #BinanceSquare #TradingSetup #Altcoins
$SOL is trading around $108โ110 after a strong rally, but momentum has cooled near the $110โ112 resistance zone. RSI is still elevated and derivatives positioning is relatively long-heavy, so a rejection here could trigger a deeper pullback.
๐ MY TRADE BIAS: SHORT
๐ฏ SHORT ENTRY: $109.50โ$110.80
๐ SL: $113.20
Take Profits:
๐ฏ TP1: $106.00
๐ฏ TP2: $103.50
๐ฏ TP3: $100.00
โก Trigger: Wait for rejection from $109.5โ$110.8 + bearish 15M/1H confirmation.
๐ Why this setup?
โข $110โ112 = major near-term supply
โข Recent rally has stretched price significantly
โข Momentum is cooling after the move above $110
โข $103โ104 is the first important downside support zone
โ ๏ธ Invalidation: If SOL gets a strong 1H close above $113.20, I would cancel the short idea.
๐ฅ My suggestion: Donโt FOMO-short at market. Let SOL come into the zone, wait for confirmation, then take the trade.
Would you short the rejection or wait for a breakdown below $106? ๐
#SOL #Solana #SOLUSDT #CryptoTrading #FuturesTrading #BinanceSquare #TradingSetup #Altcoins