7.16 Sora $SOL Short Setup

Entry: Short 77.40 - 78.20
Defense stop-loss: Around 78.80
First target: 76.80 - 76.20
Second target: 75.70 - 75.00

SOL tracked the broader market in the early session and probed deeply lower, touching a low of 76.54. It then saw a short-term oversold rebound as funds were pulled in to support it, with price quickly bouncing back into the area above 77.40. At the lows, bargain-hunting short-term longs’ profit-taking is gradually preparing to exit. In the 77.40 to 78.20 range above, a large amount of previously trapped positions from earlier consolidation, along with take-profit sell pressure, have been stacked up. Overall, the coin’s larger upward structure has not been completely reversed, but after the intraday “fall first then rally” short-term impulse, the bulls’ incremental buying power has already clearly weakened. The oversold rebound move has basically been realized. Short-term indicators have once again returned to the overbought zone. The bulls seriously lack the momentum to break upward, and the entire overhead resistance band exerts strong suppression. If there is no sustained inflow of large funds, it will be difficult to break through the overhead resistance area and kick off a new round of upside. Since downside room for this pullback has reopened, enlarge the “enter in batches” and “take-profit on exits” zones. Today’s core trading idea follows the overall rhythm of BTC and Ethereum: primarily set up shorts based on positioning on rebounds from higher levels, and rely on the broad overhead resistance zone to place staggered limit orders for entries—then, after the rebound ends, bet on the downside move caused by bulls’ profit-taking and liquidation-driven pullback. #USDT充值理财双重奏