Oversold doesn't mean bounce. Shorting $84 retest instead of catching falling knife.

SOL/USDT: Critical Support Test – Bounce or Breakdown?

After a steep drop from $90.29, SOL is now hovering near the 24h low of $82.50. Let’s break down the key levels across timeframes:

· 15m Chart: Price is struggling below EMAs (7/25/99), but RSI (36.87) is rising from oversold. Volume is thin – waiting for a catalyst.
· 1h Chart: RSI(6) at 21.79 – deeply oversold. MACD still bearish but diverging. A relief bounce could be imminent.
· 4h Chart: EMAs are bearish (7 below 99), MACD negative. Overall trend remains down, but we’re at a key support zone.

Key Levels to Watch:

· Support: $82.50 (24h low) – a break could accelerate selling toward $80.00.
· Resistance: $84.50 (previous support) and $85.20 (4h EMA99).

Trade Setup (Scalp Long):

· Entry Zone: $82.60 – $83.00
· Stop Loss: $82.20 (below recent low)
· Take Profit 1: $84.50
· Take Profit 2: $85.20

**If $82.50 breaks decisively**, consider shorts targeting $81.00 with stop above $83.50.

Volume is drying up – wait for a clear bounce or breakdown before entering. What’s your play?
#solana #XCryptoBanMistake $SOL
{future}(SOLUSDT)