Technical analysis by Ryn8111 about Symbol SOL: Sell recommendation (6/18/2025)

Trade Direction: SOL Short - Hedge Risk Management: - Risk approx 0.5% Reason for Entry: - H1 supply zone at resistance - H1 and M30 timeframes overbought - M15 bearish divergence present - Retracement into 0.718 Fibonacci level - Weak lows beneath price drawing liquidity lower - No breaker structure on higher timeframe; bearish grind continuing - Trade set as a continuation with expectation of a lower high and further roll over Additional Notes: - Clear technical alignment for a short continuation trade - Hedge against my FET LongActive: 146.69 entry chart slightly wrongDislike this reaction. Manual close here for -0.1%Okay actually re-entered lol. Ended up getting same pos size for 0.25% risk so with the 0.1% risk so far total risk is 0.35. Reason for re-entry was BTC and Eth printing divergences now as well + eth weekly open retest. Effectively, its turned into a 5:1 with same pos size and smaller risk. For bearish strucutre to remain intact it must dump here.SL moved to the highs now. risk ~0.12%Risk free, BE. Not getting Chopped in this PA. Secured some partials. If it returns to my entry 147.37 then market wants higher.Moving very well.Stops trailed to 146.5Reason: Potential area for a bounce here, btc might print bull divsSecuring partials hereFull closed now. Flat across the board.