Solana rebounded from the $117 support zone, a high-time-frame level with strong technical confluence, signaling buyer defense after a prolonged downtrend.$SOL
Morgan Stanley has officially filed an S-1 registration for an Ethereum ETF, just a day after submitting filings for Bitcoin and Solana ETFs. The move aims to give institutional and wealth clients exposure to ETH, alongside staking opportunities to generate yield. #NewsAboutCrypto #bitcoin.” #Ethereum
The deal was opened short on COSUSDT on the M5 timeframe after the price deviated from the resistance zone near the EMA. The market shows local downward momentum: the price has consolidated below the EMA, and sellers control the movement. The entry was made after the correction and confirmation of buyers' weakness by price action. Stop Loss is placed above the local high, Take Profit is in the previous support zone with a risk/reward of about 1:2.