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7.16$SOL Trading idea
Enter around 77–77.5 into the position; take profit at 78.5. First target: 75.5, second target: 74.5.
Yesterday’s first target was hit precisely. Today we continue to look for shorts—no fence-sitting.
The 77–77.5 range is the rebound high after yesterday’s drop, and it’s also an hourly timeframe neckline resistance zone.
If this area holds, the short structure is still intact, and we look lower—toward 75.5 and even lower.
Place the stop-loss at 78.5, just above yesterday’s dense-chips zone.
As long as this defense level doesn’t break, the downtrend hasn’t been damaged.
People may wonder: with the market down this much, can you still short?
Yes.
Once a trend forms, don’t rush to bottom-pick.
A rebound isn’t a reversal—pressure levels are where the trade is made.
Continue according to the plan. The risk-reward is good, so just do it.
Don’t wait until it rises and regret not shorting; don’t wait until it falls and regret not following.#SOL $SOL