it's just a liquidity sweep, market won't dip below 130$ but maybe possible if breakout but that seems highly unlikely to me
James - Pump Trading
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Bearish
📉 $SOL : DOWNTREND
• Trading Plan (Short): • Entry: $133.00 - $134.50 • Stop Loss (SL): $139.50 • Take Profit (TP): $128.00 and $123.05
• Key Resistance/Support: The EMA(50) at $135.06 is acting as a strong dynamic ceiling, consistently rejecting price movements. • Indicators: RSI(6) is 43.66 and has room to fall further, confirming potential downward move. MACD is deep below zero (MACD -0.00), validating bearish momentum. • Outlook: Failure to breach $136.50 will likely push SOL down to retest the $123.05 low. A break below that level targets the $118.00 region. $PIPPIN