It looks like you’re on the SOL/USDT perpetual chart (1h timeframe) and just saw a strong bearish move (big red candle with high volume). I am thinking about opening a short, here’s a quick, practical breakdown:
📉 What the chart is showing
Strong downward momentum → Large red candle = sellers in control
Break of support (~93.8) → Price dropped below a key level
High volume spike → Confirms the move is aggressive, not weak
Bollinger Bands → Price is near/lower band → could be oversold short-term
⚠️ Important insight
You’re a bit late to the move. Entering a short after a big dump is risky because:
Price often pulls back (bounce) before continuing down
You could get trapped in a short squeeze / retracement
✅ Safer short strategy
Instead of chasing:
Option 1: Wait for pullback
Let price retrace to 93.5 – 94.5 zone
Enter short near resistance
Better risk/reward
Option 2: Breakdown confirmation
Wait for price to break below 91.2 with continuation
Enter on retest
🎯 Example trade plan
Entry: after pullback (~93.8–94.3)
Stop loss: above 95
Targets:
TP1: 91
TP2: 89–90
🚨 Key warning
This move already dropped fast → high chance of bounce
Don’t FOMO short into a red candle