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SOL short ambush, is 78.71 the last line of defense?
$SOL /USDT - SHORT
Trade Plan:
Entry: 78.52 – 78.90
SL: 80.57
TP1: 77.32
TP2: 76.39
TP3: 74.99
Why pay attention to this structure?
The 15-minute RSI has dropped to 24.71, severely oversold but the trend remains bearish. The 4-hour EMA resistance is clear, SHORT signal with 55% confidence, TP1 at 77.32. Why now? The oversold rebound is weak, shorts continue to control the market.
Discussion:
Will this wave first reach TP2 at 76.39, or will it rebound to lure bulls and then kill?