SOL bearish signal: a windfall or a trap this time?
$SOL /USDT - SHORT
Trading plan:
Entry: 97.72 – 98.52
SL: 101.98
TP1: 95.23
TP2: 93.30
TP3: 90.40
Why pay attention to this setup?
- 4-hour SHORT alert; the 15-minute RSI has reached 42.25, indicating weak momentum but not yet oversold, so there is still room to move lower.
- The current price is 98.12, close to the 4h EMA support, but the 1D trend is range-bound. A breakout or a fakeout could happen at any moment.
- Why now? ATR is 1.6, and volatility is expanding. With short-term TP1 at 95.23, TP2 at 93.30, and a stop-loss at 101.98,