SOL/USDT Short Trade Setup (30-Minute Chart)
Entry Range: 126 - 127
Stop Loss (SL): 129
Take Profit Targets (TP):
• TP1: 124
• TP2: 122
Technical Overview
Trendline: Price has been following a descending trendline, indicating a bearish bias.
Channel Formation: Currently, SOL/USDT is trading within a tight channel. A break below could accelerate a move downward.
Potential Entry: If the price touches 126 - 127, this area could be an ideal zone to consider a short position.
Risk Management
Stop Loss at 129: If the price breaks above 129, it may signal a bullish reversal, so cutting losses quickly is crucial.
Take Profits:
First Target at 124 – a minor support area where price may bounce.
Second Target at 122 – next key support, offering a more extended move.
Key Points to Consider
Volume & Indicators: Always confirm entries with additional indicators like RSI, moving averages, or volume spikes.
Trend Reversal Possibility: A clear break above the descending trendline could invalidate the short setup.
Risk/Reward: Never risk more than you can afford to lose. Use proper position sizing.
Stay safe and Happy Trading!
