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Suggested Setup: $100 to $150 Challenge
If you fail to stay above $76.20 and the moving average is acting as a dynamic ceiling, the technical probability favors a SHORT on a resistance retest.
🔴 Direction: SHORT (Sell Short)
🎯 Entry Zone (Entry): $76.00 – $76.40
Reason: Wait for the price to try again to reach the blue moving average to sell at resistance and avoid entering the lower part.
🛡️ Stop Loss (SL): $77.60
Reason: Placed above the rejection wick from the recent move. If the price breaks above $77.60 on the 4H timeframe, the bearish structure is completely invalidated.
💰 Take Profit 1 (TP1): $75.00 (Secure 50% of the position at the local support of the last wick).
🚀 Take Profit 2 (TP2): $73.80 (Main target / range of the day 24–25 lows). $SOL #SummerCreationCamp