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Everyone is staring at SOL’s bounce, but the 4h chart just whispered something ugly.
$SOL /USDT - SHORT
Trade Plan:
Entry: 83.916052 – 84.031752
SL: 84.529265
TP1: 83.557380
TP2: 83.279698
TP3: 82.863175
Why this setup?
- RSI on 15m is 31.47—oversold, but not a bottom signal in a bearish 1D trend.
- Entry at 83.97 with a tight SL at 84.53: a 0.66% risk for a potential 1.3% drop to TP3 at 82.86.
- ATR on 1h is 0.59: low volatility means the next move could be explosive, not sideways.
Debate:
Is this a dead cat bounce or the final flush before SOL rips higher? What’s your play?
#TradfiTradingChallenge