$SOL is clearly trapped between 79 and 81, but the detail that matters is how it is being traded within that range. Multiple rejections near 80.9, without continuity, and lower highs are forming in the smaller time frames.
This is not strength. This is pressure building from above.
Trading Plan:
Entry: 80.5 – 81.2
SL: 83 (or move to the breakeven point on reaction)
TP1: 79
TP2: 77.5
Each push to the top of the range is being sold.
Not aggressively, but consistently. This is what distribution looks like before it resolves.
Volume is not expanding on higher pushes.
No conviction, no breakout conditions.
If buyers were in control, 81 would have already been breached.
Instead, the price keeps returning to the same ceiling and failing.
Structure:
Limited to the range, but leaning downwards.
Lower highs within resistance are not neutral, they are a warning.
Execution Structure:
The failure to recover and hold above 81 keeps the downside in play.
Acceptance below 79 quickly opens the way to 77.5.
If the price breaks above 83 and holds, the idea is invalid.
Until then, this is a range sell setup.
Most traders see a range and expect a breakout.
This looks more like a setup for a drop.
#GoogleStudyOnCryptoSecurityChallenges #BitmineIncreasesETHStake $SOL