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SOL shorts are locked in— is 76.79 a false breakout or a real trap?
$SOL /USDT - SHORT
Trading plan:
Entry: 76.66 – 76.92
SL: 78.05
TP1: 75.84
TP2: 75.21
TP3: 74.26
Why focus on this structure?
- The 4-hour timeframe signal is clear: SHORT direction; the 15-minute RSI has fallen to 42.32, with weak momentum.
- The 1-day trend is still in a ranging zone, but the 4h short structure has formed, and entry at 76.79 is right at resistance.
- Why now? TP1 at 75.84 only offers 1% downside space; if it breaks, TP2 at 75.21 will trigger an acceleration.
Discussion:
Will this move reach TP2 first, or will it be a bull trap that pulls back from 77.74?