SOL surges to 86 then "plunges off a cliff," with 82 as the dividing line between bulls and bears; the next move by the main force is crucial!

Current Price: 82.21

SOL’s trend on April 12 can be described with four characters: high-level trend reversal. A large-volume bearish candle directly breaks the short-term upward rhythm, and the market instantly shifts from “strong upward trend” to “high-level consolidation with a bearish bias.” The real key now is:

Is the 82 level support or a consolidation before further decline?

Let’s directly analyze the multi-timeframe structure.

1. Daily Chart: The trend is not broken, but the upward pace has been interrupted

From the daily chart:

Previous high of 86.23 forms a temporary top A large bearish candle engulfs the previous gains, clearly a “bearish reversal candlestick” Currently retracing near 82 (former consolidation platform)

This indicates:

👉 The main upward trend is still intact, but the pace has been disrupted 👉 The market has entered a “high-level shakeout phase”

Key levels:

Support: 80 / 78 Resistance: 84 / 86

As long as the daily does not break below 78, the overall trend can still be viewed as an upward correction.

2. Four-hour Chart: Bearish structure has formed, rebound is weak

The four-hour is the current most critical cycle:

High points continue to decline (86 → 85 → 83) Low points keep making new lows (a typical downward structure) After a sharp drop, the rebound is unvolume, showing clear weakness

Especially critical:

👉 Multiple failed rebounds in the 82-83 zone 👉 Each rebound is quickly suppressed

This indicates:

The four-hour timeframe has already entered a bearish trend

The conclusion is straightforward:

👉 The rebound is not a reversal but an opportunity to short

3. One-hour Chart: Consolidation correction, main players are “诱多+换手” (诱多:诱导多头, trap longs; 换手: shakeout or distribution)

From the short cycle perspective:

The lowest point hit 81.23 before a rebound Currently in a range-bound consolidation (81 - 83) Neither bulls nor bears have broken out

Detailed signals:

👉 No continuity in rebounds 👉 No volume increase on upward moves 👉 Typical “weak correction structure”

Key trigger points:

Break below 81 → will test 80 or lower again Break above 83.5 → possible rebound wave to 85

Overall judgment (core logic):

Currently SOL is in:

👉 Daily: an upward correction 👉 Four-hour: a bearish trend 👉 One-hour: consolidation phase

So the conclusion is very clear:

Short-term biased bearish, structure unstable, not strong enough for a bullish stance

Operational suggestions (practical execution):

1. Short position strategy (priority)

Sell in batches within the 82.5 - 83.5 range Stop-loss: above 85 Target: 80 → 78

Trend-following trading is the best current solution.

2. Long position strategy (strict conditions)

Only consider two scenarios:

① Strong breakout and stabilization above 84 (confirming reversal) ② Retracement to 78-80 zone with volume rebound

Otherwise:

👉 Do not bottom fish 👉 Do not go against the trend

3. Risk control points

Currently in a trend switch phase, volatility is high Control position size, avoid emotional trading Do not repeatedly chase orders near 82 (easy to be whipped back and forth)