SOL/USD - Short opportunity! 20% gains possible!

As indicated before (see my last SOL idea for the big picture), the macro trend for SOL at least in the medium term is a correction/bearish trend. We're about to have a bearish cross on daily on MACD which will indicate price will have to fall some more before we can expect any new pumps.

As such, best to search for shorts in SOL, unless you already shorted the top at $200.

Any entry around our resistance trendline is a good bet with a good risk/reward ratio. Our next opportunity is to short around $168 and aim for a correction towards our Fib 38% level or $135 support.

Best to not be greedy if you short and aim to secure profit as soon as we approach our support. SOL can still pump significantly once we break our resistance.

For now I expect at least one more leg down after we touch the resistance line.

Like and follow if you liked this idea!

Commentaire:

Oh look target reached. :D