$SOL / USDT — Pullback Rejection SHORT ⚠️
Trend Analysis:
• Daily and 4H trends remain firmly bearish
• Price is trading below key moving averages, confirming downside bias
• Higher-timeframe structure favors continuation lower
Pullback Context:
• 1H chart shows a temporary corrective bounce above EMA50
• This bounce is counter-trend and offers a shorting opportunity
• Zone near 128.5–129.0 acts as a rejection area
Momentum Trigger:
• Enter SHORT on a break below 128.57
• 15M RSI dropping back below 50 confirms momentum is shifting bearish
• 1H RSI at 66.7 shows momentum is fading, supporting rejection
This setup targets continuation with the dominant downtrend.
Invalidation occurs above 131.28.
SHORT Trade Setup:
Entry: 127.4 – 129.0
TP1: 126.02
TP2: 125.17
TP3: 123.47
SL: 131.11
#SOL #USDT #Crypto #Binance
