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Everyone’s still bullish on SOL—but the 4H chart just screamed “trap” at 95% confidence.
$SOL /USDT - SHORT
Trade Plan:
Entry: 73.37 – 73.75
SL: 75.37
TP1: 72.20
TP2: 71.30
TP3: 69.94
Why this setup?
• RSI on 15m is already oversold at 39.71—momentum is collapsing, not bouncing.
• 1D trend is bearish, and ATR on 1h is tight (0.75)—suggests a slow bleed, not a snapback.
• Primary target: TP2 at 71.30, with the invalidation line at 72.27—that’s the line in the sand.
Debate:
SOL shorts are armed at 73.56—are you waiting for a dead cat bounce or taking the entry now?