๐ Current Situation
โข Price: ~79
โข Trend: Clearly bearish
โข Structure: Lower highs + lower lows
โข Trading below all MAs (7 / 25 / 99)
๐ This is a downtrend market, not a range.
๐ง Market Structure
โข Rejection from ~97
โข Strong sell-off โ no real bullish continuation
โข Weak bounces โ sellers still in control
๐ Every bounce so far = lower high
๐ Key Levels
๐ด Resistance (Sell Zones)
โข 81 โ 83
โ MA cluster + recent rejection zone
โ Strong area for shorts
โข 85 โ 87
โ Bigger resistance (MA99 + structure)
๐ข Support
โข 76 โ 77
โ Current reaction low
โข 72 โ 70
โ Next major support if breakdown continues
๐ Scenarios
๐ด Bearish Continuation (Most likely)
โข Price rejects 80โ82
๐ Then:
โข Retest 76
โข Break โ drop to 72โ70
๐ข Bullish Relief (Counter-trend)
โข Break and hold above 83
๐ Then:
โข Move to 85โ87
โข Still NOT full trend reversal โ just relief bounce
โ ๏ธ What NOT to do
โข Donโt long randomly in a downtrend
โข Donโt buy just because โit dropped a lotโ
โข Donโt fight structure
โ
Best Trading Ideas
๐ฅ Short Setup (High Probability)
โข Entry: 81โ83
โข SL: above 85
โข TP: 76 โ 72
๐ This aligns with trend = safer play
๐ฉ Long Setup (Only if confirmed)
โข Entry: After reclaim of 83
โข TP: 85โ87
โข This is scalp / counter-trend only
๐ฏ Real Talk
This is a sellerโs market right now.
The mistake most traders make here:
Trying to catch the bottom.
Bottoms form slowly.
Downtrends continue faster than you expect.
๐ฅ Simple Rule for this chart:
Until SOL breaks above 83โ85 โ bias = SHORT