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I’m honestly not buying this bounce on $SOL… feels a bit fake to me.
$SOL /USDT — SHORT idea
Plan I’m looking at:
Entry: 80.1 – 80.3
SL: 80.7 (tight… yeah I know)
TP1: 79.8
TP2: 79.6
TP3: 79.2
So here’s how I see it… higher timeframe still looks weak. Like, yeah price popped a little, but zoom out and it’s still trending down. On the 4H it’s lining up for a short, and that 1H EMA around 80.2 is acting like a ceiling again.
RSI isn’t showing any real strength either… no strong push, no excitement. Just kinda drifting.
Feels like one of those small bounces that suck people in before another leg down. I could be wrong of course… happens more than I’d like to admit lol.
I’m taking the short here.
But if it breaks clean above 80.7… yeah I’m out, no arguing with the market.
Curious though… are you guys shorting this too, or waiting for it to flip bullish first?
$SOL