#RiskRewardRatio
SOL/USDT Short Trade Alert
A significant opportunity has emerged for a short trade in SOL/USDT, currently trading at $116.09.
*Key Observations*
- Strong signs of rejection from the $117.00-$118.00 zone
- Momentum is shifting downward again
*Trade Setup*
- *Entry Price:* $116.00 - $116.20
- *Take Profit (TP):* $113.00
- *Stop Loss (SL):* $117.50
*Market Outlook*
After a weak bullish attempt, sellers have regained control. The price is printing lower highs and lower lows, indicating a clear bearish pattern.
*Trading Strategy*
This is an excellent opportunity to ride the next move downward. To maximize profit potential, consider shorting SOL/USDT now.
*Key Considerations*
- Momentum is in favor of the bears
- Stick to the plan and let it play out for a solid risk-reward trade
*Current Market Data*
- *Current Price:* $116.09
- *SOLUSDT Perp:* $109.29 (1.62% increase)