SOL/USD in Clear Downtrend – Short Setup in Play

4 天前

Hi traders! , Analyzing SOL/USD on the 30-minute timeframe, price is currently moving within a defined descending channel, respecting lower highs and lower lows. A recent rejection from the channel top suggests continuation to the downside.

🔹 Entry: 150.09
🔹 Take Profit (TP): 145.47
🔹 Stop Loss (SL): 154.51

The price failed to hold above the 200 EMA and has resumed its downward trajectory. The RSI shows a recent bounce from overbought levels, supporting the bearish momentum. This short setup offers a favorable risk-reward ratio within the context of the broader downtrend.

A clean rejection at resistance and confirmation of the trendline add confluence to this trade idea. Keep an eye on the 145.47 zone, where buyers may attempt to defend the support.

⚠️ DISCLAIMER: This is not financial advice. Every trader is responsible for their own decisions and risk management.

3 天前

交易結束：達到停損點

😔