SOL faces resistance after rallying? The 95 level might be the recent ceiling; it's time to consider shorting!

Brothers, pay attention! The surge of SOL on May 11th was quite impressive and attracted many fans, but I suggest everyone now abandon the illusion of a quick “bull return.” The current price hovers around 94.89, and from a technical perspective, this looks more like a carefully arranged “trap to lure longs.”

📉 Market reflection (Reject mindless chasing) Four-hour level: Looking at the chart, SOL just completed a violent rebound, but it has now touched the dense accumulation zone from earlier and the long-term downtrend resistance on the four-hour chart. The MA30 moving average still hangs overhead. Without sustained volume, this “oversold rebound” is likely to stall near the 95-100 key level, giving the bulls a “deep squat” in return.

One-hour level: The hourly chart has already shown a clear bearish divergence signal. Although the price is still holding, the momentum bars are quietly shrinking. This prolonged sideways movement at high levels often indicates that the bears are preparing to rally. In front of the psychological barrier at 95, the fear of high prices among funds has already begun to spread.

Exclusive opinion: Don’t be blinded by the recent gains. SOL’s previous decline was too deep, and its current rebound looks more like a “dead cat bounce” triggered by short covering. Without a major reversal in fundamentals, I prefer to short at resistance levels. Instead of betting on a small uncertain upward move, it’s better to follow the trend and seize a deep retracement.

🚀 SOL/USDT current price ambush strategy (Bearish) No more nonsense, once we confirm the target, we enter directly and strictly follow discipline:

Open position direction: Short

Market order entry: 94.89

First take profit (1%): 93.94 (retracement to find short-term support, take half off first)

Second take profit (2%): 92.99 (retrace to previous breakout point, maximize profit)

Hard stop-loss (1.5%): 96.31 (if it firmly stabilizes above 96, it indicates the bulls are not dead yet, we retreat decisively)

Brothers’ reminder: SOL is extremely volatile, never hold on to a short position blindly! Strictly manage take profit and stop loss. We are trading probabilities, not emotions. Protect your principal to qualify for the next opportunity to increase positions.