Is SOL facing resistance after a sharp rise? The 95 level might be the recent ceiling; it's time to consider shorting!

Brothers, pay attention! The surge of SOL on May 12 (continuing from the fluctuation on the 11th) was quite captivating, but I suggest everyone now put away the illusion of a “quick bull return.” The current price hovers around 96.37, and from a technical perspective, this looks more like a carefully arranged “trap to lure buyers.”

📉 Market reflection (Reject mindless chasing) Four-hour level: Look at the latest chart, SOL experienced a sharp rebound after a deep decline, and now it’s hitting the key resistance zone on the 4-hour chart. Although the MA7 moving average is still trending upward, the overall trend has not escaped the downward pressure of the larger cycle. The 95-98 range is a dense area of previous lock-up zones; without massive capital entering, it’s hard to break through quickly. The current small-step rally more resembles a false prosperity created by the main players before retreating.

One-hour level: The hourly chart has already shown a clear increase in volume with stagnation in price. Although the price has hit a new high near 96, the MACD indicator’s momentum bars are weakening, and this typical “divergence between volume and price” is a sign of a potential reversal. Prolonged sideways movement at this high level, unable to break through, often indicates exhausted bulls and that bears are preparing to rally.

Exclusive opinion: Don’t be fooled by the red bars in the short term. SOL’s previous decline was too deep, and its current rebound more resembles a “dead cat bounce” caused 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 catch a deep retracement, because “it’s cold at the top.”

🚀 SOL/USDT current price ambush strategy (Bearish outlook) No more nonsense, once we’ve identified the target, we execute strictly:

Open position direction: Short

Market order entry: 96.37

First take profit (1%): 95.41 (retracement to find short-term support, take half profit first)

Second take profit (2%): 94.44 (retrace to previous consolidation zone, maximize profit)

Hard stop-loss (1.5%): 97.82 (if it firmly stabilizes above 97.8, it indicates bulls are not dead yet, so we retreat decisively)

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