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Is the rebound of SOL a trap or a true breakout?
$SOL /USDT - SHORT
Trade Plan:
Entry: 81.63 – 82.01
SL: 83.60
TP1: 80.49
TP2: 79.60
TP3: 78.26
Why pay attention to this structure?
- The 4H timeframe direction is clearly SHORT, and the 1H reference price around 81.82 is a resistance zone.
- RSI 15-minute at 44.72, not oversold, still room to decline.
- The 1D trend is ranging, but the short-term cycle is bearish, making this an entry opportunity.
Discussion:
Will it first reach TP2 80.49, or first pull back to 83.60 to hit the stop loss?