SOL loses key support! The 84 level turns into resistance, and the intraday pullback is accelerating.

Current Price: 84.01

First, the conclusion: SOL has already shifted from a volatile consolidation to an early stage of a bearish trend in the short term, belonging to “continuation after key support break,” with a preference for sideways downward movement within the day rather than a rebound correction.

  1. 4-hour timeframe: Break confirmation, trend turns bearish

Break below the previous key support at around 85
Highs continue to decline, lows keep refreshing
MACD forms a death cross and stays below the zero line
Bollinger Bands open downward, price close to the lower band

Core judgment:
The 4-hour has entered a phase of trend weakening

  1. 1-hour timeframe: Clear bearish rhythm

Standard “decline → weak rebound → decline again” structure
Rebounds are under pressure in the 84.8-85.2 range
Moving averages are clearly in a bearish alignment
MACD continues to expand in bearish momentum

Short-term rhythm:
A downward decline structure with continuation potential

  1. Intraday trend projection

If unable to regain stability above 85:

More inclined toward sideways downward movement today
First test support near 83
If broken, may extend to the 82 area

  1. Direct trading strategy (as required)

Direction: Short (market order to open)

Entry price: around 84.01

Take profit:

First target: 83.17 (about -1%)
Second target: 82.33 (about -2%)

Stop loss:

Stop loss level: 85.27 (about +1.5%)

SOL0.72%
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