Trade Setup
- *Coin*: $SOL
- *Trade Type*: Bearish
- *Time Frame*: 15 minutes
- *Current Price*: $112-$110
- *Target*: $106, $104, $102
- *Stop Loss*: $114.70
Technical Analysis
- *Double Top Pattern*: The 15-minute chart shows a double top pattern at $112.50, indicating a potential reversal.
- *Breakdown*: The price is breaking down strongly on the 15-minute time frame, suggesting a bearish trend.
Trading Strategy
- *Entry Point*: $112-$110
- *Take Profit*: $106, $104, $102
- *Stop Loss*: $114.70
Risk Management
- *Position Sizing*: Ensure proper position sizing to manage risk.
- *Stop Loss*: Set a stop loss to limit potential losses.
Market Analysis
The current market trend indicates a bearish reversal, with a potential breakdown below $112.50. Monitor the price action and adjust your strategy accordingly.$SOL