๐ป #sol - Donโt Confuse a Bounce with a Reversal
Market Reality Check ๐
SOLUSDT
Perp
123.21
-1.02%
$SOL has dropped aggressively in the last few hours and no, this is not a โbuy the dipโ moment yet.
Yes, price may move up a bit from hereโฆ
but that move looks more like a retest of resistance, not the start of a new uptrend.
Many traders will think:
โIt has already fallen so much, it MUST go up now.โ
Markets love punishing this mindset ๐
๐ What the Chart Is Clearly Telling Us
โ Previous support has been cleanly broken
โ No strong reaction or defense from buyers
โ Price trading below all key EMAs
โ Volume is weak, no sign of bullish commitment
โ Bears are still controlling momentum
A pullback is possible, but upside continuation chances are very limited for now.
๐ Trade Plan (Educational Purpose)
Pair: SOLUSDT (Perpetual)
Bias: Bearish
Entry: 124.98 โ 125.20
Stop Loss: 125.62
TP1: 122.37
TP2: 121.03
TP3: 118.59
๐ Trade with patience, not hope.
๐ Risk management always comes first.
โ ๏ธ Final Note
Just because price went down fast
doesnโt mean it has to go up fast ๐
Trend > Feelings
โ ๏ธ Disclaimer
This is not financial advice.
Always do your own analysis and manage risk properly.
#WriteToEarnUpgrade #solana #BTC90kChristmas
