Technical analysis by ama-Beeps about Symbol SOL: Sell recommendation (12/7/2024)

After carefully identifying the support and resistance zones, we’ve identified a potential 2.45R short trade opportunity on Solana for the short term. Here’s the confluence supporting this setup:The crypto market on the 15-minute timeframe is in a clear sell trend.Solana also shows a bearish bias on the 15-minute period.The ADX and DI (200) indicate bearish momentum, while the Stochastic RSI (200) suggests buyer exhaustion.Wishing you a successful trade, folks!Losses are an inevitable part of trading, but they don't define the strength of a strategy or the quality of a setup. This trade was executed exactly as planned—every condition met, every level predefined. While the outcome resulted in a loss in capital, it was a winning trade in terms of discipline, strategy adherence, and execution.Trading is a game of probabilities, and not every trade will end in profit. What matters is the consistency in following the plan, as over time, this approach yields success. This trade reinforces our commitment to sticking to a proven strategy, and that's a win in itself.