$SOUL is approaching a supply zone where sellers are likely to step in.
SOUL has risen from 0.0112 to 0.0134 — a 19% gain. Price is now nearing a resistance level where selling pressure has historically increased. RSI at 66 — getting warm. Volume is moderate but fading.
Trading Plan Short $SOUL
Entry: 0.0133 – 0.0135
SL: 0.0138
TP1: 0.0128
TP2: 0.0121
TP3: 0.0113
The recent recovery has carried price back into an area that previously acted as resistance. The move higher still appears corrective. If sellers defend this zone, we could see a pullback toward the liquidity beneath the recent swing lows.
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