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SOL weakness continues to be confirmed! The 82 level becomes a short-term dividing line, and the downward trading window remains open today.
Current Price: 82.77
First, the conclusion: SOL has entered a continued bearish trend phase, characterized by “weak rebound after a breakdown + further decline structure,” and the current momentum does not support a strong reversal. Today, it is more inclined to oscillate downward.
Break below the previous key support zone of 84-85 Highs continue to decline, structure clearly weakening MACD operating below the zero line, bearish momentum continuously releasing Bollinger Bands opening downward, price close to the lower band
Core judgment: The 4-hour chart has entered a trend-down phase
Standard “decline → weak rebound → decline again” structure Rebound is under pressure in the 83.5-84 zone Moving averages are clearly in a bearish alignment MACD remains in the bearish zone
Short-term rhythm: Downward correction + potential acceleration at any time
If unable to regain stability above 84:
More likely to oscillate downward today First test the 82 integer level If broken, may extend to 81 or even lower
Direction: Short (market order entry)
Entry Price: Around 82.77
Take Profit:
First TP: 81.94 (about -1%) Second TP: 81.11 (about -2%)
Stop Loss:
Stop Loss Level: 84.01 (about +1.5%)