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SOL Bull’s Last Fling? Failing to Break 78.34 Is a Trap
$SOL /USDT - SHORT
Trade Plan:
Entry: 78.17 – 78.51
SL: 79.98
TP1: 77.11
TP2: 76.29
TP3: 75.06
Why Focus on This Structure?
The current 4H signal leans toward SHORT, but the 1D trend is still ranging. The 15-minute RSI is 60.95, close to the overbought zone, and bullish momentum is fading. Why now? With EMA suppressing price, 78.34 is a key resistance. If it can’t break through effectively, a retest of TP1 77.11 is likely. In the short term, price keeps probing within a tight range. Once 78.17 is broken, shorts will accelerate.
Discussion:
Will this move first reach TP2 76.29, or will it run the bulls to trigger liquidations and blow up shorts?