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Sol morning session brief
The 1-hour Bollinger Bands are opening downward; the price has already broken below the middle band, and short-term bears are clearly in the lead. MACD has also turned down; so far, there’s no sign of a reversal with volume, and the bearish move may not be over yet.
For overhead resistance, first look at 78–80. If a rebound keeps failing to break above this zone, you can consider trying a short with a light position. For downside support, first watch 76.2; if it breaks down decisively, it will most likely head toward the prior low at 75.6.
In terms of execution, shorting on rebounds remains the main approach. Don’t rush to bottom-fish; keep a strict stop-loss.
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