(Someone asked me whether this market could be shorted. I said to look at one candle first.)

(The one at 21:00 last night: opened at 84.91, closed at 84.08, with 2.89x volume.)
(The heaviest of the 48 candles, and in the end neither side won.)
(“It dropped 6.75 bucks. Just follow it with a short and you’re done.”)
(I believed that before. I believed it twice last year, and both times the market moved the other way.)
(On 11-10 at 23:00, it touched 81.27 on 2.52x volume. That was a bottom formed by a sell-off.)
(Over the next 24 hours, the low rose from 82.24 to 83.69 and didn’t break lower again.)
(Now $SOL 83.79, just a little above 83.19.)
(Funding rate 0.0029%; the longs aren’t even willing to pay extra overnight fees.)
(I don’t see the shorts winning in this market, only that neither side wants to move.)
(I’ll go short if it breaks below 81.27; we can talk about going long again above 85.2. I’m sitting out the range in between.)
(Not investment advice. You are responsible for your own gains and losses)