SOL price pushed up to around the 79 high, then turned and continued falling; throughout the move it stayed weakly along the lower Bollinger Band. It is currently consolidating around 75.95, and the bearish trend is clear.

Short-term outlook:

A modest rebound that stalls in the range of the Bollinger middle band 76.5 and upper band 77.3 can be sold short for a pullback; on the downside, watch Bollinger lower band 75.2 support. If support breaks, the deeper pullback will continue.

Only if, when price retests the Bollinger lower band at 75.2, a clear reversal candlestick pattern appears can you take a small-position bet on a short-term rebound. The rebound target is only the Bollinger middle band 76.5 to 77.3 pressure area. Enter and exit quickly—don’t hold long in positions. #SOL