$SOL

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The market structure has clearly shifted bearish, transitioning from a consolidation phase above 89.00 to a sharp breakdown, printing a lower low at 85.01 and establishing a new downtrend characterized by lower highs and lower lows.

K line analysis: Price action is currently compressed and heavy, trading below the midline of the Bollinger Bands (MB: 86.52), which acts as dynamic resistance; the candles are printing small bodies with wicks, indicating indecision but a lack of buying pressure, while the MACD remains flat below the zero line, showing momentum is paused but not reversed.

Trading plan: I am looking for a short continuation setup, waiting for a minor retracement or rejection near the 86.50–86.80 region (the middle Bollinger Band and prior support-turned-resistance) to enter a short position, targeting a re-test of the 85.01 lows and potentially the lower band at 85.50.

My prediction: I predict SOL will struggle to break above 86.50 and will likely see another flush toward 84.50–85.00 as the bearish trend resumes.

What trade plan I follow and why: I am following a trend-following strategy, specifically looking to sell rallies (shorting) because the structure is bearish and the price is capped by the Bollinger mid-band; the risk-to-reward is favorable shorting into resistance rather than trying to catch a falling knife for a long scalp.

When I start my trade: I will initiate my short entry if the price retests the 86.50 level and rejects (prints a bearish candle), or if a 1-hour candle closes below the current 85.50 consolidation zone with increasing volume.

Candlestick pattern: I am watching for a bearish rejection wick or an evening star forming near the middle band; the current candle (at 85.65) is a small doji/spinning top, suggesting the market is resting before the next move.

Final verdict: Bearish bias. The path of least resistance is down until price proves otherwise by reclaiming the 87.50 level.#USCPIDataIncoming