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SOL Latest Idea
The structure of this downturn has been determined: the daily-level main downtrend channel has taken shape, the bearish trend is clear, the 4-hour bearish candles are full-bodied with volume, while the rebound bullish candles are short with shrinking volume. The consecutive bearish candles during the decline are highly coherent. Every rebound is a low-volume repair, with very poor bullish support, no continuation in rebounds, and the rebound highs are gradually lowering. This is a standard downtrend with weak rebound corrections. Given such a pattern, selling on rallies is the way to go.
Target the 77.5–78.5 area to short, aiming for the 70 zone below.