$SOL USDT Short Trade Setup!š„šÆ
Current Price: $189.84
Trade Type: Short
Entry: $190.50
Target 1 (TP1): $188.00
Target 2 (TP2): $185.50
Stop Loss (SL): $192.00
Analysis:
ā¢ Downtrend confirmation on the 30-min chart with consistent lower highs.
ā¢ Price consolidating near $190.00, suggesting potential breakdown.
ā¢ Risk-to-reward ratio aligns for a short position with controlled SL.
Strategy:
ā¢ Monitor for price rejection at $190.50 for short entry.
ā¢ Secure partial profits at TP1; hold for TP2 if momentum sustains.
ā¢ Adjust stop loss to breakeven after TP1 is reached.
Risk Management: 2% of capital recommended.