SOL short positions’ trap points have appeared—don’t get washed out by the oscillation.



$SOL /USDT - SHORT

Trading plan:
Entry: 77.93 – 78.13
SL: 78.98
TP1: 77.32
TP2: 76.84
TP3: 76.13

Why focus on this structure?
The current 4-hour timeframe signals are bearish; the RSI on the 15-minute chart is around 55.5, neutral to slightly weak; the 1-day trend is ranging. The entry zone is around 78.03; TP1 is 77.32, TP2 is 76.84, and the stop loss is 78.98. Why now? Price is still under EMA pressure; short-term rebounds lack strength, and the short trade has a better risk-reward than chasing longs.

Discussion:
Will this one hit TP2 first, or is it a fakeout sell-off followed by a rebound?
SOL-1.04%
View Original
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
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned