SOL- Short trade 
2025-01-31
Category: None

📊 SOL/USDT Educational Trade Setup 

HIGH RISK TRADE

I’ve just entered this short trade for SOL/USDT based on the following setup:

Entry Point: $241.50
Stop Loss: Above $246
Target (TP1): $220

Why I Took This Trade

✅ Strong Supply Zone (Bearish OB):
The $245.00-$246.00 zone is a bearish order block where sellers have previously stepped in, rejecting further price advances. This provides a high-probability short opportunity.

✅ Bearish Momentum Indicators:
    •    EMA Rejection: The price has started to consolidate near resistance, with signs of potential rejection from this level.
    •    Ultimate RSI MTF Indicator: The RSI shows signs of bearish divergence, suggesting a possible reversal.

✅ Risk-to-Reward Opportunity:
The trade offers a favorable risk-to-reward ratio, targeting the lower bullish OB near $223.45 while keeping the stop-loss tight above $245.85.

Catalyst
    •    Sellers are likely to defend the bearish OB at $245.00-$246.00, resulting in a rejection and a move back toward the $223.45 bullish OB support.
    •    Current price action indicates waning bullish momentum, providing an ideal entry point for a short position.

📢 Disclaimer: This is not financial advice. Always do your own research before trading. Markets can be volatile, so only risk what you can afford to lose!