Short trade on $SOL ‌ – Break of ascending channel



📉 Trade idea:
Exploiting the bearish correction after failure to break major resistance.

🔍 Entry zone:
81.20 – 82.00 (strong supply zone + 50 moving average)

🛑 Stop loss:
83.83 (local high)

🎯 Gradual targets:
✅ First target: 80.45 (break of temporary support)
✅ Second target: 79.50 (0.382 Fibonacci correction)
✅ Third target: 78.50 (bottom of the descending channel)
✅ Fourth target: 77.00 (previous major support)
$SOL

📊 Risk/reward ratio:
More than 1:3 according to the first target.

⚠️ Alert:
Capital management is a priority – stick to the stop loss and do not change it.
#sol #sol
SOL1.57%
SOL1.55%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned