📉 I just placed a short limit order at $SOL — but I don't share signals, I share knowledge. Stay with the analysis.
🔍 In the 4H chart, we see a strong bullish trend that brought the price to the $250 zone, with a peak in the $253 area.
There, the price left a bearish hammer candle with a pronounced upper wick, accompanied by a flat RSI around 65 for the last three days, while the price marked small rising highs.
📉 This evidences exhaustion in the bullish momentum.
With this filter, I went down to the 1H chart:
— Clearly observed is the bearish pressure from $253 to $245
— Drawing Fibonacci from the peak, the golden pocket falls right at $250, a strong psychological level
— Round numbers (like $250, $500, etc.) often act as relevant resistances or supports due to their psychological impact
✅ This technical confluence increases the probability of the setup
📌 My setup:
— Entry: $250 (limit order)
— SL: $254 (above the relative maximum)
— TP: $238
🎯 I'm not looking for a larger correction: there's a lot of FOMO in the market currently. If the trade doesn't happen, it's okay; I protect my capital with a tight and validated SL based on technical analysis and market structure.
The important things:
— The analysis is structured
— The risk is controlled
— The capital is protected
💬 The market has its own spirit.
Sometimes the analysis is right, other times it's not.
And when it isn't, what matters is how you manage, learn, and evolve.
Discipline and criteria > prediction and emotion.
