Timeframe: 1D
Context: SOL has been printing lower highs/lows inside a clear descending channel since mid-September. Price is hovering around the channel midline and, in my view, likely to “pop” into the upper boundary before the next leg down.
Primary setup (Short):
Entry zone: Scale in on a rejection of 215–225 (upper channel + prior swing confluence).
Confirmation: Daily close rejection (wick/engulfing), loss of intraday support, or momentum/volume fade.
Stop (invalidation): >232 (conservative: 235) above the upper channel and last LH.
Targets:
T1: 195 (channel midline)
T2: 185
T3: 170 (lower channel)
Trade management: Take partials at T1/T2 and trail to breakeven; aim for ≥2R.
Alternative (bullish breakout):
If we get a daily close >232 with follow-through and 220 holds as support, the short idea is invalidated. Consider a long on retest with:
Targets: 245 → 260 area
Invalidation: Back below 220.
Why this idea:
Well-defined down-sloping channel; prior rally-fades (0.74 and 0.81 swings) show repeated supply near the upper boundary.
Clean risk box with clear invalidation above 232 and asymmetric downside to 170.
Horizon: ~1–3 weeks, depending on when the upper-band retest occurs.
Context: SOL has been printing lower highs/lows inside a clear descending channel since mid-September. Price is hovering around the channel midline and, in my view, likely to “pop” into the upper boundary before the next leg down.
Primary setup (Short):
Entry zone: Scale in on a rejection of 215–225 (upper channel + prior swing confluence).
Confirmation: Daily close rejection (wick/engulfing), loss of intraday support, or momentum/volume fade.
Stop (invalidation): >232 (conservative: 235) above the upper channel and last LH.
Targets:
T1: 195 (channel midline)
T2: 185
T3: 170 (lower channel)
Trade management: Take partials at T1/T2 and trail to breakeven; aim for ≥2R.
Alternative (bullish breakout):
If we get a daily close >232 with follow-through and 220 holds as support, the short idea is invalidated. Consider a long on retest with:
Targets: 245 → 260 area
Invalidation: Back below 220.
Why this idea:
Well-defined down-sloping channel; prior rally-fades (0.74 and 0.81 swings) show repeated supply near the upper boundary.
Clean risk box with clear invalidation above 232 and asymmetric downside to 170.
Horizon: ~1–3 weeks, depending on when the upper-band retest occurs.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.