SOL fails to sustain the rally, showing signs of fatigue! Above 86 becomes a "trap zone," and a bearish intraday trend is taking shape.

SOL fails to rise strongly, showing signs of fatigue! Above 86 becomes a “trap zone,” and a bearish trend is forming within the day

Current price: 85.99

Direct conclusion: SOL’s short-term structure has shifted from a rebound to weakening at high levels, now more inclined to be in the “correction phase after a rebound,” with a bearish outlook for the day.

  1. 4-hour timeframe: Rebound losing strength, structure beginning to weaken

Unable to hold above the high point after an upward push (resistance zone at 88-90) High points gradually declining, showing signs of resistance MACD at high levels is turning down, with a death cross trend Bollinger Band upper band flattening, price falling back toward the middle band

Core judgment: 4-hour chart indicates a rebound exhaustion phase, leaning toward a correction structure

  1. 1-hour timeframe: Bearish trend gradually establishing

Pattern of “rise → pullback → weak rebound” appears Multiple rebounds are resisted in the 86.8-87.2 area Moving averages are beginning to turn downward MACD enters the bearish zone and gradually increases in volume

Short-term rhythm: Weak rebound + stair-step decline

  1. Intraday trend projection

If unable to break through 87.5 effectively:

Likely to see sideways movement with a bearish bias First watch if the 85 level is broken If broken, will gradually test 84 or even lower

  1. Direct trading strategy (as required)

Direction: Short (market order to open)

Entry price: around 85.99

Take profit:

First target: 85.13 Second target: 84.27

Stop loss:

Stop loss level: 87.28

SOL0,24%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
GateUser-4dfa81e3
· 8h ago
40.29-20.36 range
View OriginalReply0
  • Pin