$SOL : Test of the upper boundary. Short in the direction of the trend.
The daily structure leaves no room for debate: the descending trend dominates, and the current rebound is merely a correction within the bearish channel. Most are looking at the daily chart, but the entry is forming here and now.
On the 4-hour timeframe, the price tests the upper boundary of the resistance zone 80.45 – 80.96. This is a classic retest of the broken support that changes its nature. RSI(6) on the hourly chart has reached 62 and is turning down, failing to establish itself in the overbought zone — a sign of weakness in the upward momentum.
Entry: 80.457 – 80.969
Targets:
TP1: 79.177
TP2: 78.666
TP3: 77.642
Stop-loss: 82.248
Breaking the level of 82.24 will break the bearish structure and indicate a change in market context. Until then, every touch of the upper boundary is an opportunity for a short.
The trend is tested not at the bottom, but on pullbacks.
What is more important for you when entering a short — the macro direction or the accuracy of entry on a smaller timeframe?
