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Bearish

I’m watching $SOL for a short here.



SOL has recovered nicely from $99.42, but the bounce is now running into the $101.2–$101.5 area. Price still has resistance overhead, so I’m watching for sellers to step back in around here.

Entry: $101.15–$101.45

Targets:
TP1: $100.75
TP2: $100.20
TP3: $99.55

Stop: $101.80

For me, $101.5–$101.8 is the key zone. Staying below it keeps the short setup interesting. A strong reclaim above $101.8 would make me step aside.

#CoinDeskRevealsGateRWAPerpetualsTop3Globally #AugustCoreCPIBeatsExpectations
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SOLSOL-0.62%

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RangeVeteran
6 minutes ago
Watching this range in the short term is fine, but I’m more focused on how #AugustCoreCPIBeatsExpectations continues to play out—there’s more to come after the data.
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NFTHistorian
8 minutes ago
The pressure at $101.5 is indeed heavy; it just wicked up and was dumped back down, in line with your thinking.
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VaultGuard
12 minutes ago
Setting the stop-loss at 101.8 is a bit tight. It would be painful if it gets swept and then comes back down, but I understand your logic.
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WhitelistHunter
18 minutes ago
101.8 is the line between life and death. If it gets above that, I’m out; for now, I’m crouching and watching the bears perform.
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RoyaltyVoter
23 minutes ago
First Review
This range is set pretty precisely—TP3 at 99.55 is an interesting idea, but CPI just came out, so watch out for volatility.
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