SOL surging but encountering resistance? The 95 level might be the recent ceiling; it's time to consider shorting!

Brothers, pay attention! The surge of SOL on May 13th definitely attracted a lot of fans, but I suggest everyone now put away the illusion of a quick “bull run back.” The current price hovers around 95.39, and from a technical perspective, this looks more like a carefully arranged “trap to lure buyers.”

📉 Market reflection: Is it a trap to lure buyers or a reversal? Four-hour timeframe: Look at the latest chart, SOL experienced a sharp rebound after a oversold condition, and is now 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 timeframe: The hourly chart has already shown a clear increase in volume with stagnation in price. Although the price has hit a new high near 95, the MACD indicator’s momentum bars are weakening, and this typical “volume-price divergence” is a sign of a potential reversal. In this prolonged sideways consolidation at high levels, it often indicates that the bulls are exhausted and the bears are preparing to launch a counterattack.

Exclusive opinion: Don’t be blinded by the short-term red bars. SOL’s previous decline was too deep, and the current rebound looks more like a “dead cat bounce” caused by short covering. Without a major fundamental reversal, I prefer to go 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, after all, “the higher you go, the colder it gets.”

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

Open position direction: Short

Market order entry: 95.39

First take profit level: 94.44

Second take profit level: 93.48

Hard stop-loss level: 96.82