SOL shorts are setting up— is 78.88 a trap or the takeoff point?



$SOL /USDT - Sell SHORT

Trading plan:
Entry: 78.75 – 79.01
SL: 80.09
TP1: 77.97
TP2: 77.37
TP3: 76.46

Why focus on this setup?
- From the 4-hour framework, it’s bearish; the intraday trend is ranging, and the 15-minute RSI is only 42—momentum is weak.
- Current price is 78.88, close to the short entry; TP1 is at 77.97 and TP2 at 77.37, with clear downside room.
- Why now? Inside the ranging zone, the short signals have been confirmed. If 78.75 breaks, the probability of an accelerated drop is high.

Discussion:
Will this move hit TP2 first, or will it lure a long and bounce up to 79.36?
SOL0.54%
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