$SOL (4H) — Breakdown Continuation Short
Bias: Bearish
Entry Zone: $87.20 - $88.50
Targets:
TP1: $85.00
TP2: $82.80
TP3: $79.50
Stop Loss: $91.20
Why this Setup:
SOL continues to trade under heavy sell pressure after losing the major recovery structure from the $98 region. The chart has now transitioned into a clear lower-high, lower-low formation on the 4H timeframe, with buyers failing to produce any meaningful reversal reaction.
The most recent dump below the $88 support zone confirmed weakness across the structure. Even though price is attempting a small bounce near $86–87, momentum still looks defensive rather than bullish.
What makes this setup attractive for shorts is the lack of strong recovery candles after the breakdown. Instead of aggressive buying, SOL is consolidating weakly near the lows — a pattern that often leads to continuation toward deeper liquidity zones.
Unless bulls reclaim the broken support region quickly, the broader structure still favors downside continuation.
Bias: Bearish
Entry Zone: $87.20 - $88.50
Targets:
TP1: $85.00
TP2: $82.80
TP3: $79.50
Stop Loss: $91.20
Why this Setup:
SOL continues to trade under heavy sell pressure after losing the major recovery structure from the $98 region. The chart has now transitioned into a clear lower-high, lower-low formation on the 4H timeframe, with buyers failing to produce any meaningful reversal reaction.
The most recent dump below the $88 support zone confirmed weakness across the structure. Even though price is attempting a small bounce near $86–87, momentum still looks defensive rather than bullish.
What makes this setup attractive for shorts is the lack of strong recovery candles after the breakdown. Instead of aggressive buying, SOL is consolidating weakly near the lows — a pattern that often leads to continuation toward deeper liquidity zones.
Unless bulls reclaim the broken support region quickly, the broader structure still favors downside continuation.