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$SOL , 81.67 short, 75.60 flat. 100x, +690.89%.
SOL has recently been ranging between 75-82. 81-82 is the upper edge of the range, and it has been tested three times without success. 81.67 is the entry area for the third push up and pull back. With 100x leverage, the stop-loss is 82.55 (above the prior high 82.5), targeting the lower edge of the range at 75-76.
The stop-loss distance is 1.02%, and with 100x leverage, a 1% “against the position” blow-up—your calculations are extremely tight. But with SOL being a mainstream coin and positioned at the upper edge of a range, the chance of breaking below 82.5 on a reversal is low, so going in with 100x is bold enough.
After it broke below 80 and closed, it accelerated and slid all the way to 75.60. The lower edge of the range was touched, and the position was closed. 690%.
How to play a ranging market: short at the upper edge of the range, close flat at the lower edge—use maximum leverage, but tighten the stop-loss.
For the next trade’s range signal, come
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