Entry Price: $194.539
Stoploss: $201.000 (above supply + liquidity pool)
Target(s): $187.935 (≈1:2 R:R)
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Reason for the Trade
1. Supply Zone Rejection
Price tapped into the $194–$196 intraday supply zone, where sellers previously absorbed demand.
This aligns with a bearish rejection wick, showing clear orderflow shift.
2. Liquidity Grab at Highs
The wick near $195–$196 cleared out short-term buy-side liquidity (stop hunts above recent highs).
This is a classic SMC liquidity sweep before a downside move.
3. Market Structure (BOS/CHOCH)
After the liquidity sweep, Solana broke a minor low, forming a CHOCH → first signal of bearish structure.
A clean BOS to the downside suggests sellers are in control.
4. Fair Value Gap (FVG) Retest Entry
The $194.5 zone aligns with a bearish FVG retest left after the impulsive drop.
This makes it a discounted entry for shorts.
5. Risk–Reward Balance
Risk = ~$6.46 (201 – 194.539)
Reward = ~$6.60 (194.539 – 187.935)
Effective R:R ≈ 1:2, matching the setup requirement.
