ENTRY : $161.15
TARGET : $117.50
PnL : 26.87%
SOL is showing signs of exhaustion after its recent run, and structure is now leaning decisively toward a retracement.
The short thesis targets $117.50, a clean confluence zone with prior consolidation and structural support. This isn’t just arbitrary. It’s where momentum previously built, and where trapped longs are likely to find exit liquidity on the way down.
The projected move covers -26.87%, offering strong risk/reward if you're playing the breakdown early.
TARGET : $117.50
PnL : 26.87%
SOL is showing signs of exhaustion after its recent run, and structure is now leaning decisively toward a retracement.
The short thesis targets $117.50, a clean confluence zone with prior consolidation and structural support. This isn’t just arbitrary. It’s where momentum previously built, and where trapped longs are likely to find exit liquidity on the way down.
The projected move covers -26.87%, offering strong risk/reward if you're playing the breakdown early.
Trade active
It's your call on how to proceed..Just an update to say that I'm setting the SL below entry in case it rises..
If so, will be closing this short early as I've found reason to believe it might not get there..
Need to look into it some more..
Trade closed manually
Killing this at ~$158.92
youtu.be/xLSEEg2cXp4
Custom target requests:
Telegram : Rebelmedia
SOL ADDRESS:
Bk5aMRndanC8SE71fnuLUAtcFyc3VQkYbWyeMnZnaPPZ
Direct & ongoing collaboration and trade monitoring:
20% Profit Share.
Once PnL = Principal, bank it.
Custom target requests:
Telegram : Rebelmedia
SOL ADDRESS:
Bk5aMRndanC8SE71fnuLUAtcFyc3VQkYbWyeMnZnaPPZ
Direct & ongoing collaboration and trade monitoring:
20% Profit Share.
Once PnL = Principal, bank it.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
youtu.be/xLSEEg2cXp4
Custom target requests:
Telegram : Rebelmedia
SOL ADDRESS:
Bk5aMRndanC8SE71fnuLUAtcFyc3VQkYbWyeMnZnaPPZ
Direct & ongoing collaboration and trade monitoring:
20% Profit Share.
Once PnL = Principal, bank it.
Custom target requests:
Telegram : Rebelmedia
SOL ADDRESS:
Bk5aMRndanC8SE71fnuLUAtcFyc3VQkYbWyeMnZnaPPZ
Direct & ongoing collaboration and trade monitoring:
20% Profit Share.
Once PnL = Principal, bank it.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.