Where is the short target price for the violent drop of $SOL ongoing❓ After reading this, you'll know❗️ Let's temporarily set aside the Chande theory; the live broadcasts and short posts are focused on interpreting the market based on it every day. Today, let's talk about the simpler and easier-to-understand harmonic Gartley small bat:
After experiencing a period of upward market, SOL has formed a bat pattern at the 4-hour level, with the standards for X, A, B, and C being: Point B is located at the 0.618 position of the Fibonacci retracement line segment of the XA wave and has not exceeded 0.786; Point C is above the 0.382 of the Fibonacci retracement line segment of the AB wave and does not exceed 0.886; Point D will appear below the 0.786 of the Fibonacci retracement line segment of the XA wave.
Therefore, the short target price for this short position is temporarily anchored at Point D, which is at the position of 138.758. Until the market reaches the short target price of 138.758, we will continue to look bearish; after reaching it, we will be bullish for the future market, directly buying at the bottom❗️ Set the stop loss at Point X at 133.766, just a bit lower.
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