Everyone’s still buying SOL at 72.4—the smart money already placed their short.



$SOL /USDT - SHORT

Trade Plan:
Entry: 72.1 – 72.7
SL: 75.6
TP1: 70.0
TP2: 68.4
TP3: 66.0

Why this setup?
Why now?
- 1D trend is bearish, and the 4h setup confirms a 95% confidence SHORT.
- RSI on 15m hit 70.84—overbought in a downtrend is a trap, not a breakout.
- Entry zone 72.4 with tight SL at 75.6 means risk is defined, reward is 3:1 to TP2.

Debate:
Are we dumping to 68.4 first, or does this fakeout shake out the late longs before the real move?
SOL9.47%
post-image
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
  • 1
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned