SOL shorts have been positioned— is 77.61 a trap or a starting point?



$SOL /USDT - SHORT

Trading Plan:
Entry: 77.44 – 77.78
SL: 79.27
TP1: 76.37
TP2: 75.54
TP3: 74.29

Why focus on this structure?
On the 4-hour timeframe, the bearish signal is clear. The 15-minute RSI at 51.43 is not oversold, and there’s still room for downside. The current price 77.61 is near an EMA resistance level. The 1D trend is in a ranging zone, with a short win rate of 55%. Targets: TP1 76.37, TP2 75.54. Stop loss: 79.27.

Discussion:
Will this move reach TP2 first, or will it run a bullish trap rebound first?
SOL1.45%
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