SOL rebounds to 100.61—is this a short trap or the start of an uptrend?
$SOL /USDT - SHORT
Trading Plan:
Entry: 100.19 – 101.03
SL: 104.64
TP1: 97.59
TP2: 95.57
TP3: 92.55
Why pay attention to this setup?
- The 4H trend remains range-bound, but the 15-minute RSI has dropped to 44.57, indicating weak momentum and a lackluster rebound.
- Key resistance at 101.03 has not been broken. If rejected again, the SHORT signal is confirmed, with 97.59 (TP1) as the initial target.
- With the stop-loss at 104.64, the risk is controllable and the risk-reward ratio is close to 1:2, making it worth a tr