Captain DD
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Bearish
🚨 $SOL : Overheated & Hitting Resistance - Prime Short Setup for Correction! ⚡️
Plan trade: Short $SOL 🔴
• Entry zone: $141 - $144
• Take profit:
• 🎯 TP1: $137.5
• 🎯 TP2: $133.5
• 🎯 TP3: $129.5
• Stop loss: $146.5
Technical Analysis 🔥
On H4 and H1 timeframes, SOL's bullish momentum is stalling as it approaches the strong resistance zone of $144 - $146 (previous high). Reversal candlestick patterns with long upper wicks indicate increasing profit-taking pressure from bears. The RSI is elevated and showing signs of weakness, while the price is extended far from EMA supports. A mean reversion correction back to lower equilibrium levels is highly probable.
Stop Loss Advice ($146.5):
This is the nearest Swing High resistance; a breakout above this level would completely invalidate the short-term bearish structure.
{future}(SOLUSDT)
Plan trade: Short $SOL 🔴
• Entry zone: $141 - $144
• Take profit:
• 🎯 TP1: $137.5
• 🎯 TP2: $133.5
• 🎯 TP3: $129.5
• Stop loss: $146.5
Technical Analysis 🔥
On H4 and H1 timeframes, SOL's bullish momentum is stalling as it approaches the strong resistance zone of $144 - $146 (previous high). Reversal candlestick patterns with long upper wicks indicate increasing profit-taking pressure from bears. The RSI is elevated and showing signs of weakness, while the price is extended far from EMA supports. A mean reversion correction back to lower equilibrium levels is highly probable.
Stop Loss Advice ($146.5):
This is the nearest Swing High resistance; a breakout above this level would completely invalidate the short-term bearish structure.
{future}(SOLUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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