$SOL Update: Observing lower highs forming under a resistance lid. Price continues to be nudged back down after attempts to push higher. 📉

$SOL Trading Plan Short
Entry: $78.50 – $79.50
SL: $81.80
TP: $76.00, $7x

Each bounce towards the resistance band shows diminishing momentum, often leading to quick wicks and immediate pullbacks without sustained upward movement. The current price action is consolidating mid-range, with attempts to advance appearing progressively weaker.

The trade is initiated, allowing for a potential drift lower based on current market dynamics. A clear break and sustained hold above the identified resistance would invalidate this short position, prompting a quick exit.

Short $SOL. 👇