SOL's Quick Dip: Time to Scoop Some Profits on the Short Side! 📉🤑
SOL/USDShortScalp4h ago3 views
Trade Setup
Entry Price
80.3800
Stop Loss
82.3000
Take Profit
75.5800
Risk : Reward
1 : 2.50
RiskReward
Hello KoraFX fam! Jiwoo Jung here, ready to share my latest scalp setup for SOL/USD! Even though I'm usually screaming "To the moon!", sometimes the market gives us a tactical bear setup, and I'm not one to miss it. Solana's been struggling, down over 3% in the last 24 hours, currently sitting around 80. The trend is clearly bearish for now, and we've seen rejection from resistance levels.
Chart Analysis: Resistance Holding Strong!
Looking at the charts, SOL has had a tough time breaking above 81.6, which is our daily high and a key resistance. Even the 80.5 and 81 levels are acting like brick walls! We're seeing price action struggling to sustain any upward momentum within the 78.4 to 81.6 day range. This tells me the sellers are still in control for this short timeframe. My mixed analysis shows technical indicators
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