Xiaoxin | 11.9 Solana Strategy$SOL

Entry: Short near 87.6–87.8, with a stop-loss above 88.3. Watch for stabilization around 86.4–84.6 to try a long.

Trend breakdown: The previous high was 90.11. After consolidating near the highs, the market saw a sharp, high-volume drop and set a new low of 84.66. The previous trading range broke to the downside, shifting the short-term trend to bearish control. The current rebound from the low is an oversold recovery after a sharp drop, not a trend reversal.
Selling pressure at resistance: 87.60–87.80 is where the rebound from this decline is meeting resistance. Trapped positions accumulated in this area during the drop, so a rebound into this range could trigger selling pressure and cap gains.
Key level separating strength from weakness: 88.30 is the bears’ defense line. Only a high-volume move that holds above 88.30 would break the downtrend structure. Until then, all rebounds are considered countertrend bounces and opportunities to short at higher levels with the trend.
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