đ„đ„ SOL Futures: Long vs. Short - Where's the Trade? đ„đ„
$SOL at $156.89 is prime futures material!
âĄïž Long Setup: The recent drop to $145.85 absorbed a huge number of shorts, and whale activity shows confidence in a bounce. Look for a long entry near the $150â$155 support zone. Your target should be the short-term resistance at the MA(7) around $160, or the prior consolidation area near $180. Set your stop-loss tight, just below the $145 low, to manage liquidation risk.
âŹ ïž Short Setup: If $162 acts as fierce resistance and the price can't reclaim the MAs, look for a short entry below $155. The target is a re-test of the $145 support, or even a push down to the $130 psychological level. A break below $145 could lead to a quick liquidation cascade.
Leverage is a double-edged swordâtrade responsibly!
