strong buy
SOL Short at 30x Leverage Expected Drop from Resistance Zone
The current trading strategy for SOL involves shorting with a leverage of 30x. Entry is set at 154.410, utilizing 3-5% of the account balance. The stop loss is placed at 158.32, with take profit targets at 153.17, 151.88, and 149.31.
The trade idea hinges on the breakdown of the bullish structure observed on the 4-hour chart. Bitcoin has recently surpassed previous highs, which adds to the overall market momentum. Presently, there is an active spot seller, and a strong resistance zone has been identified between 157 and 160, from where significant sell-offs have previously occurred.
Source available for registered users Sign Up Free
AI Analysis
The suggested trade is based on technical signals indicating a potential reversal or correction for SOL. The break of the bullish structure on the 4-hour chart signals weakening momentum, which trader...
AI Recommendation
Given the analysis, traders considering this position should ensure strict risk management practices, especially considering the high leverage involved. Placing the stop loss just above the identified...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
You might also be interested in:
strong buy
strong buy
strong buy