SOL is hovering around 78. Is this bearish signal a trap or an opportunity?
$SOL /USDT - SHORT
Trading plan:
Entry: 77.96 – 78.14
SL: 78.95
TP1: 77.38
TP2: 76.93
TP3: 76.26
Why focus on this structure?
- On the 4H timeframe, the outlook is bearish. RSI on the 15-minute chart is 55.71, not overbought, with further downside potential.
- Daily range is choppy, but short-term EMA support is weak. 78.05 is key resistance.
- Why now? The data points to SHORT. TP1 is at 77.38; after breaking, it accelerates toward 76.93.
Discussion:
Do you think SOL will hit TP2 at 76.93 first, or rebound and sweep t