I'm looking at $SOL around $101.99, and the short-term structure still favors sellers. Price has been making lower highs and lower lows, with every recovery struggling to hold.

The key detail for me is the MA60 sitting at $102.21. Price is trading below it, keeping immediate pressure on the downside.

The recent bounce toward $102.36 failed to develop into a sustained recovery, and sellers have pushed SOL back toward its 24-hour low of $101.25.

I'm interested in a potential short setup, but I'd rather wait for confirmation than chase the current move.

My Trade Setup (Conditional Short)

📍 Entry: Below $101.99, preferably after a failed recovery toward $102.21.

🎯 TP1: $101.25

🎯 TP2: Not confirmed by the visible chart.

🛑 Invalidation: Sustained recovery above $102.36.

A move back above $102.36 would weaken my immediate bearish outlook and suggest buyers are regaining some control.

Volume has shown occasional spikes during the decline, but the latest activity doesn't provide enough confirmation to justify an aggressive entry.

For now, I'm watching whether SOL breaks $101.25 or manages to reclaim its moving average. No reason to force a position before confirmation.