$SOL
$SOL Short Trade Plan
Current Price: $140.99
24h High/Low: $141.96 / $137.67
RSI (6): 45.89 — neutral but tilting bearish
Market Context:
Price recently hit $141.96 but failed to break higher, now forming a potential lower high — a bearish indicator.
Short Setup
Entry Zone (Sell): $141.30 - $141.50
Positioned just below the 24h high and resistance, ideal for shorting a failed breakout attempt.
Stop Loss: $142.20
Placed slightly above the $142 psychological level and the recent high, allowing room for minor price swings.
Take Profit Targets:
TP1: $139.00
TP2: $137.80 (near 24h low)
TP3: $135.50 (if bearish momentum increases)
Risk/Reward Breakdown:
Entry @ $141.40
SL @ $142.20 → Risk = 0.80
TP1 → Reward = 2.40 → R:R = 3:1
TP2 → Reward = 3.60 → R:R = 4.5:1
TP3 → Reward = 5.90 → R:R = 7.3:1
Additional Bearish Confirmation:
RSI showing bearish divergence and trending below 50
Declining volume suggests weakening buyer strength
Summary:
Sell Entry: $141.30 - $141.50
Stop Loss: $142.20
Targets: $139.00 / $137.80 / $135.50
Emojis Recap:
Sell Zone: $141.40 ⬇️
Stop Loss: $142.20 ❌
Take Profits: $139.00 ✅ | $137.80 🎯 | $135.50 🔥
RSI Weakness: 45.89 ⚠️
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