$SOL /USDT 1-Hour Trade Signal (Price Action Only)
The Head and Shoulders breakdown is now in full effect. The price has officially breached the $80.35 neckline and is currently searching for a floor at $79.81.
1. Short Position (Current Momentum)
Entry: $79.80 – $80.10 (Retest of the broken neckline area).
Take Profit 1: $78.50 (Target of the pattern/Previous swing low).
Take Profit 2: $77.90 (Final flush).
Stop Loss: $80.85 (Place above the breakdown candle to protect capital).
2. Long Position (Value Entry)
Entry Zone: $78.50 – $78.80.
Confirmation: Look for a "Wick" rejection. The price should hit this zone and bounce quickly, showing that buyers are defending the old low.
Take Profit 1: $80.50 (The old neckline now acts as resistance).
Take Profit 2: $82.00 (Right shoulder peak).
Final Target: $83.00 (Major supply zone).
Stop Loss: $77.70 (A close below the previous major low invalidates the bounce).
Market Summary
Current Trend: Bearish breakdown.
Key Level: $80.35. As long as the price stays below this level, the sellers are in control.
The Goal: Short traders are looking to "ride the slide" to $78.50. Long traders should wait for that level to be hit before attempting to catch the reversal back to $83.00.
