SOLUSDT – Short Setup Based on Price Action.
Price recently tapped into a strong resistance zone between 177.61 – 179.00 after a solid bullish push. But instead of breaking out, we’re seeing rejection candles and slowing momentum — a sign that buyers might be losing control.
I’m expecting the market to form a lower high around this zone and start a downward correction. There’s also a rising trendline and a demand area below (near 171.63 – 170.82) where price could possibly bounce again.
🔽 Sell Entry: 177.47
🎯 Target: 172.81
⛔ Stop Loss: 179.03
Let’s see if the market respects this resistance and gives us a clean move down. Always manage risk wisely. 🔐
I’m expecting the market to form a lower high around this zone and start a downward correction. There’s also a rising trendline and a demand area below (near 171.63 – 170.82) where price could possibly bounce again.
🔽 Sell Entry: 177.47
🎯 Target: 172.81
⛔ Stop Loss: 179.03
Let’s see if the market respects this resistance and gives us a clean move down. Always manage risk wisely. 🔐
Dagangan aktif
Trade active lets see how price reactsDagangan ditutup: hentian tercapai
Bad Luck!Price wicked just enough to hit my stop loss before reversing and hitting the target.
Next time, I’ll consider placing the SL slightly above the zone to avoid such precision hunts.
Part of the game—on to the next setup!
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.