$SOL Can we go short now?
SOL has now returned above $100. Current price is around $101. It rebounded from near $96—this rebound isn’t weak, but don’t see one rebound candle and rush to go long.
From a short-term trading rhythm perspective, this is more suitable for waiting for rebound confirmation.
If SOL continues to push higher, but keeps failing to break through the prior resistance and volume also starts to lag, then the opportunity for shorts at this position will reappear. A move up followed by a pullback is a more comfortable shorting rhythm.
If the resistance above is effectively broken and, after breaking, price can hold steady, then don’t rush to short—avoid getting stopped out by a sudden spike immediately after opening a short.
On the other hand, if SOL falls back below $100 again and the rebound can’t reclaim it, the short setup will become much clearer. If you already have short positions, you can decide whether to keep holding based on the rebound strength; if you’re considering chasing shorts, try to wait for confirmation—don’t jump in just because you see one bearish candle.
Right now, the most awkward part for SOL is: above $100 there can still be rebounds, but the resistance zone hasn’t been fully broken. Chasing longs and chasing shorts can both easily get chopped up.
SOL has now returned above $100. Current price is around $101. It rebounded from near $96—this rebound isn’t weak, but don’t see one rebound candle and rush to go long.
From a short-term trading rhythm perspective, this is more suitable for waiting for rebound confirmation.
If SOL continues to push higher, but keeps failing to break through the prior resistance and volume also starts to lag, then the opportunity for shorts at this position will reappear. A move up followed by a pullback is a more comfortable shorting rhythm.
If the resistance above is effectively broken and, after breaking, price can hold steady, then don’t rush to short—avoid getting stopped out by a sudden spike immediately after opening a short.
On the other hand, if SOL falls back below $100 again and the rebound can’t reclaim it, the short setup will become much clearer. If you already have short positions, you can decide whether to keep holding based on the rebound strength; if you’re considering chasing shorts, try to wait for confirmation—don’t jump in just because you see one bearish candle.
Right now, the most awkward part for SOL is: above $100 there can still be rebounds, but the resistance zone hasn’t been fully broken. Chasing longs and chasing shorts can both easily get chopped up.