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Is SOL’s 4-hour SHORT signal a trap or an opportunity?
$SOL /USDT - Sell SHORT
Trading Plan:
Entry: 82.26 – 82.66
SL: 84.42
TP1: 80.99
TP2: 80.01
TP3: 78.54
Why focus on this structure?
• The 4-hour RSI is in the overbought zone at 82.46, but the 1-day trend is choppy—not a one-way drop.
• With entry at 82.46, TP1 at 80.99 offers 1.8% room, while SL at 84.42 is only 2.4%—the risk-reward ratio is reasonable.
• The 15-minute RSI at 59.58 is neutral. Wait for a 1-hour confirmation—entering now requires patience.
Discussion:
Will this move hit TP2 at 80.01 first, or a fakeout bounce take it up before the SHORT?