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Everyone is bullish on SOL — here’s why the 4h chart is screaming the opposite.
$SOL /USDT - SHORT
Trade Plan:
Entry: 72.4 – 72.8
SL: 74.6
TP1: 71.1
TP2: 70.1
TP3: 68.6
Why this setup?
80% confidence SHORT with RSI at 73.33 on 15m shows overextension. Daily trend is bearish, ATR tight at 0.636 — a breakdown below 72.4 confirms momentum shift. Why now? TP1 at 71.1 is only 2% away; the risk/reward favors shorts before the next leg down.
Debate:
Are you fading this SOL short setup, or waiting for a bounce to 74.6?