5.5 SOL Trading Plan|Breaking below key levels, rebounds are shorting opportunities


From the 4-hour structure, the price has already effectively broken below the middle band of the Bollinger Bands, and it’s being tightly pressed down by the upper band above—this is typical: it can’t go up, but there’s room to fall.
Let’s look at the details:
The moving averages have already turned into a bearish alignment. Each rebound is weaker than the last. KDJ has a high-level death cross and keeps moving downward.
With several signals stacking on top of each other, it’s very straightforward: the bears are in control, and the move isn’t finished yet.
So there’s no need to overthink the plan: rebounds are opportunities—continue shorting in line with the trend.
Trading reference:
Do partial shorts in the 86—90 range, and look for targets at 80 → 69
If support is broken, don’t expect a reversal—following the bearish side is more stable.#美国寻求战略比特币储备 #比特币ETF期权持仓限额增4倍 #DeFi4月安全事件损失超6亿美元 #比特币现货交易量新低 $BTC $GT $ETH
BTC0.8%
GT-0.54%
ETH-0.26%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin