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$SOL Follow the short side. Everyone is rushing in now to chase the rebound, but I think this rebound could be a trap.
The supply zone overhead is still valid, and the 4-hour short structure remains intact. The daily range is still in place too. When the price reaches the 77.26 to 77.44 area, it clearly meets resistance. On the 15-minute timeframe, the RSI is around 51, and there’s still room for sellers to keep pressing the price lower. In addition, the 15-minute volume data also confirms real sell-side pressure.
You can watch this entry point at 77.26 to 77.44, and look for targets around 76.71 to 75.64 in batches to the downside. Don’t go in too aggressively; watch the defensive position around 78.21, and stay alert for risks at all times.