7.13 Sora $SOL shorting plan



Entry: short from 76.80 - 77.80
Defensive stop loss: above 78.50
First target: 75.70 - 75.40
Second target: 74.80 - 74.20

In the early session, Sora violently spiked higher and touched the intraday high at 78.19. After that, buy-side momentum for the longs quickly exhausted; FOMO-style breakout-following funds were all trapped. The chart then entered a sustained, step-by-step decline—each small rebound gets suppressed by the combined pressure from take-profit orders and high-priced trapped longs. BTC and Ethereum move in sync and both have entered a pullback and repair cycle. After a short-term rapid surge, indicators are severely overbought, and a large amount of profit-taking positions needs a pullback to digest. The 76.80-77.80 area above is a strong intraday resistance zone: it concentrates the trapped long positions from the early-session selloff. When price rebounds and reaches this range, the sell pressure will be released in a concentrated way. Upside room is tightly capped; without incremental capital entering, it’s difficult to set a new intraday high again. Today’s overall plan follows the broader market’s main rhythm—mainly short on rebounds at the highs. Widen the operational tolerance range and place staggered limit orders to build the short positions, then ride the wave to bet on the swing decline after this spike higher. #LAB两日腰斩53%
SOL2.98%
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
  • Pinned