SOL Crypto Futures Trade Plan 2025-04-16
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{ "instrument": "SOL", "direction": "short", "entry_price": 129.46, "stop_loss": 131.50, "take_profit": 121.23, "confidence": 0.65, "size": 1, "entry_timing": "market_open" }
Rationale:
Technical Synthesis: Price ($129.46) sits below the critical 50 SMA ($130.04) and 200 SMA ($181.06), signaling persistent bearish structure. While short-term EMAs (9/21) show minor bullish crossover, rejection at the 50 SMA resistance aligns with the dominant downtrend. RSI (52.5) and MACD histogram (+2.47) suggest neutral momentum, failing to confirm bullish reversal.