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$SOL / $USDT β 21:24 Update π¨
β No Long at 85.86
β³ Waiting for Short around 86.50
π Setup:
π» Short: 86.50
π SL: 87.00
π― TP: 84.94
Why avoid longs here? π
π $SOL bounced from 81.38 β 86.50 (+6.29%), but this recovery still only retraced ~42% of the previous dump from 93.67 β 81.38.
Trend reversal is NOT confirmed yet. β οΈ
Price is also trapped inside a heavy MA cluster:
β’ MA5 β 84.94
β’ MA10 β 85.33
β’ MA20 β 85.24
β’ MA30 β 85.47
β’ MA60 β 85.51
Support below. Resistance above. No clean breakout edge.
Meanwhile MA120 at 88.81 still slopes downward and acts as major resistance ποΈ
π Volume is fading:
β’ 4H volume β 86.85K SOL
β’ No aggressive new liquidity entering
$BTC is still ranging near 77K and $SOL currently lacks a fresh narrative catalyst.
π Why Short 86.50?
86.50 = recent local high + upper range resistance.
If price rejects there with a long upper wick, it offers a cleaner short setup than chasing longs into resistance.
π Risk Management
π SL: 87.00
Break above = sideway structure invalidated.
π― TP: 84.94
Nearest MA5 support.
β‘ RR Ratio: ~1:3.07
Current view:
As long as $SOL remains below MA120 (88.81), the broader structure still leans cautious rather than fully bullish.
No breakout volume = no confirmed reversal yet. πͺοΈ
π Todayβs PnL:
β
+218.2% from earlier $TIA trade
π May Winrate:
81 / 86 trades
#ICEBacksOKXOilPerps
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