SOL is still under strong downtrend from 144 → 130
A small relief rally happened, but it is failing at 133
Current red candle confirms continuation downward
➡ Still bearish on higher timeframe.
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🔎 2. Structure Analysis
Key Levels
Level Meaning
133.29 – 133.25 Strong rejection zone (resistance) 132.80 Minor bounce area 132.40 Immediate support 131.88 Strong support 130.73 Major support / liquidity zone
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📉 3. Short Bias (Preferred Trade Now)
Our old analysis was short-biased, and based on new candles:
👉 Yes, that analysis is still valid and even stronger now.
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🎯 Recommended Trade (for posting on Binance)
⚠️ SOL/USDT – Short Setup
Entry:
132.90 – 133.20
Stop Loss (SL):
133.70 (safe above rejection zone)
Take Profits (TP):
TP1: 132.40
TP2: 131.90
TP3: 131.50
TP4: 130.80 (major support)
Risk-Reward: 1:2.5 to 1:4 Trend: Bearish Confirmation: Volume red > green, rejection at 133.29, lower highs forming.
Status: Local Relief Bounce, No Trend Reversal Yet Bias: Cautious LONG (scalp only), Trend still Bearish on HTF
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🔍 1️⃣ Key Observations
• Strong Support Levels (Bought aggressively):
$88,056 → Major liquidity sweep (clear bottom wick on 1h)
$89,200 – $89,350 → Fresh demand zone (multiple rejections)
• Resistance Zones (Selling pressure):
$89,900 – $90,300 → Strong selling block
$90,800 – $91,200 → MA(10) + prior breakdown zone
$92,150 – $92,300 → 24h high + liquidity wall
• Volume Behaviour
Sharp increase in red volume during the dump → shows strong sellers
Followed by small green volume → indicates only relief bounce, not trend reversal
• Market Depth (Order Book)
Buyers increasing below $89,350
Sellers dominating above $89,500
Ratio: ~72% sell / 28% buy at $89,350 → bearish pressure still active
• Price Structure
BTC made a lower low (88,056)
Then a lower high (89,647) ➡️ This confirms bearish market structure.
But also have:
A bullish micro bounce at 89,200
Higher lows on 1m, 3m, 5m → intraday strength
🧠 2️⃣ Final Opinion: Long Scalps OK — Swing Long NOT safe yet
BTC is currently: ✔️ Oversold ✔️ Defended twice by buyers ✔️ Showing intraday bounce ✖️ But still under major HTF resistances ✖️ Structure is still bearish ✖️ Sentiment still weak
So: → Long scalping is okay → Swing long is NOT confirmed → Shorting into resistance is also OK for pros
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🎯 3️⃣ Entry, Stop Loss, Take Profit (Scalp Long Setup)
🔥 Best Entry Zones (Highly Safe):
Entry 1: $89,150 – $89,300
Entry 2 (Strongest): $88,800 – $89,000
Entry 3 (Extreme oversold): $88,050 – $88,200
🛡 Stop Loss (SL):
SL: $87,950 If BTC breaks below this → next support is at $86,800.
Price: ~$133 Context: After a sharp drop, SOL printed a local low at $130.7–132.9 and is now forming higher lows on 5m–1h. This looks like a controlled pullback inside a bigger uptrend, not a full trend reversal yet.
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🧠 Market Structure (Multi-TF View)
1H / 4H:
Clear swing low at $130.7 → key demand.
Recent high $146–147 still intact → broader uptrend.
Current move = correction within bullish structure.
Lower TF (1m–15m):
Rejection wicks below $133 but buyers keep stepping in.
Volume on selling spikes is getting absorbed, not extended.