🚨 My Watch on : Eyeing a Short Setup 🚨
Hey everyone, I've been crunching the charts on $SOL SOL, and I'm seeing signals that point to a potential pullback. The momentum from the recent run seems to be fading, and I'm preparing for a possible short trade.
Here’s the strategy I’m looking at:
· Entry Zone: $245 - $250
· My First Profit Target (TP1): $225
· My Second Profit Target (TP2): $200
· My Stop Loss (SL): $260
· Leverage: 6x (Always use caution with leverage!)
Why I'm Thinking Short:
This isn't just a gut feeling. My analysis is based on a few key factors:
· The price is showing bearish rejection at a key resistance level, suggesting buyers are stepping back.
· Key indicators like the RSI and Moving Averages are hinting that the bullish momentum is slowing down.
· Combined with Fibonacci levels and chart patterns, it looks like $SOL might be ready to test lower support areas.
Where SOL $SOL Stands Now:
· Price: ~$242.67
· Market Cap: $131.65B
· 24h Performance: -2.03%
The market is shifting, and sentiment is turning cautious. I'll be keeping a close eye on this and will update you if anything changes.
Remember, this is NOT financial advice! Always do your own research (DYOR) and manage your risk. The crypto market is extremely volatile. Trade smart!
Set those price alerts on Binance and stay sharp! 🔊
