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Did you get trapped by SOL’s 77.42 fake breakout?
$SOL /USDT - SHORT the short
Trading plan:
Entry: 77.26 – 77.58
SL: 78.95
TP1: 76.27
TP2: 75.51
TP3: 74.36
Why pay attention to this setup?
The 4H SHORT signal has been activated, with 55% confidence. RSI on 15m is only 45.79, and momentum is weak. The EMA hasn’t given a clear direction, but ATR on 1H is only 0.6367; after volatility contracts, it’s likely to move down. TP1 is at 76.27, TP2 at 75.51, and SL is set at 78.95. If you enter now, the risk-reward ratio is 1.8:1.
Discussion:
In this SOL move, will it hit TP2 first and then bounce, or will it go straight to stop-loss with a wick? Which side are you on?