SOL has completed a strong bullish leg and is now reacting from the 0.236 Fibonacci retracement level at 188.63. A sell setup is developing based on this resistance zone and weakening momentum.
🔻 Trade Plan:
Sell Stop: 188.63
SL: 209.49
TP1: 176.93 (38.2% Fib)
TP2: 166.53 (50% Fib)
📉 RSI at 61.02 shows early signs of a bearish divergence. If price loses momentum at current levels, this setup could offer a solid retracement trade toward the mid-Fibonacci levels.
Watch for breakdown confirmation and manage risk accordingly.
🔻 Trade Plan:
Sell Stop: 188.63
SL: 209.49
TP1: 176.93 (38.2% Fib)
TP2: 166.53 (50% Fib)
📉 RSI at 61.02 shows early signs of a bearish divergence. If price loses momentum at current levels, this setup could offer a solid retracement trade toward the mid-Fibonacci levels.
Watch for breakdown confirmation and manage risk accordingly.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.