Entry Zone: 85.80 โ 86.40 Stop Loss: 87.30 (Above the last rejection zone + MA confluence) Take Profit: 83
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๐ง Why This Trade Makes Sense
* EMA squeeze โ bearish breakout potential * Price fails to hold above resistance at 86 * RSI not in overbought territory yet โ room for further downside * Formation of lower highs โ sellers are in control
* Price rejected at moving averages (EMA) on the 1-hour frame + clear weakness on the 4-hour frame * Formation of lower highs โ beginning of a bearish structure * RSI indicator declining โ confirmation of momentum weakness * Price failed to reclaim the 75.8K level = continuation
๐ต Entry area: 82.80 โ 83.20 (Correction towards EMA support) ๐ด Stop loss: 81.20 (Below the last low + price structure) ๐ก Take profit: 85.80 (~3%)
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๐ Market outlook
โข Averages convergence (EMA) โ The market is in a phase of fluctuation/accumulation โข RSI indicator between 50โ56 โ Neutral โ Room for movement in both directions, without clear momentum โข Strong rejection from level 87 โ Sellers are still in control at the top โข Staying above 82 = Buyers are still defending $SOL
$RIVER ๏ฟฝ Entry Area: 9.00 โ 9.30 (Correction towards EMA resistance) ๐ข Stop Loss: 10.20 (Above Price Structure + EMA Cluster) ๐ก Take Profit: 8.20 (~3%)
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๐ Market Outlook
โข Strong downtrend โ Arrangement of Averages (9 < 21 < 33) confirms negativity โข Price rejection from 13.4 โ confirms distribution phase โข RSI indicator is very low (20โ35) = oversold, but the trend is still ongoing โ buying is risky โข Weak rebounds = selling opportunities, not trend reversals
Entry Zone: 1.145 โ 1.155 Stop Loss: 1.172 (above recent rejection & EMA cluster) Take Profit: 1.110 (โ 3% move)
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๐ Why This Works โข Price rejected 1.17 resistance multiple times โข EMAs flipping bearish (short-term below mid-term) โข 15m confirms lower lows + weak bounce attempts โข RSI still has room to drop โ downside not exhausted
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โ ๏ธ Invalidation
If price reclaims 1.17 with strong volume, this short idea is dead. That would signal reversal strength โ step aside. #folks #trading #LearnWithEitanHalevi