Accumulation or a trap? This rebound at $SOL deserves a question mark. On the four-hour chart, price has been held down by the EMA50 and EMA200. The bearish moving-average alignment remains intact, and the trend is still pointing down. Don’t let a short-term bounce play with your emotions; at this level, it looks more like an opportunity for bears to press their advantage than a genuine trend reversal.
The moving-average band overhead is solid resistance, and volume hasn’t picked up either. Downward momentum is still there. It’s much more comfortable to trade with the structure than to go against the trend and try to call a bottom. A rebound is possible, but don’t rush to change direction.
🔴 Trade direction: Short
📍 Entry range: 88.9823 – 89.3099
🛑 Stop loss: 92.0210
🎯 Take profit 1: 86.9899
🎯 Take profit 2: 85.5524
🎯 Take profit 3: 83.3962
There’s no need to chase the trend; it will come to a halt in time.
Stand alongside Sister Li, and let every moment leave an echo.
#SOL
Click below to trade 👇
The moving-average band overhead is solid resistance, and volume hasn’t picked up either. Downward momentum is still there. It’s much more comfortable to trade with the structure than to go against the trend and try to call a bottom. A rebound is possible, but don’t rush to change direction.
🔴 Trade direction: Short
📍 Entry range: 88.9823 – 89.3099
🛑 Stop loss: 92.0210
🎯 Take profit 1: 86.9899
🎯 Take profit 2: 85.5524
🎯 Take profit 3: 83.3962
There’s no need to chase the trend; it will come to a halt in time.
Stand alongside Sister Li, and let every moment leave an echo.
#SOL
Click below to trade 👇