Viking Charts

$SOL Right now you’re describing a classic “sell-the-rally into supply” setup, which is valid in theory—but only if the market actually confirms that supply is active again. What your setup is assuming You’re assuming: $83.86 is “below sell zone” → so price must return upward first $84.55–$84.85 will act as fresh supply rejection there will lead to continuation down That’s a very specific narrative. The risk is that the market often does one of these instead: breaks higher and invalidates the supply zone entirely chops sideways and never cleanly returns to your entry front-runs the level (drops without giving the ideal entry) Key structural issue Right now SOL is in a mid-range environment (~83–88). In that type of structure: “supply zones” are less reliable liquidity grabs above highs are common entries based on precision zones often get missed or front-run What would actually strengthen your short idea You’d want confirmation like: clear rejection wick at 84.5–85 with strong bearish close lower high forming on 5m–1h timeframe break below 83 first → then retest becomes higher probability short volume expansion on downside, not just fading green candles Without that, you’re basically placing a limit short inside a live range, which is closer to prediction than confirmation. Risk framing (important here) Stop at 85.60 is logical (above range resistance) But price only needs a small bullish push to invalidate thesis That means you’re effectively betting on timing precision, not This is a conditional short idea, not a “ready trap” yet. The setup only becomes strong if price either: rejects sharply at your zone, or breaks down first and retests afterward Until then, it’s still range behavior—not confirmed distribution. If you want, I can so you don’t have to rely on guessing supply zones. #PolymarketDeniesDataBreach #CFTCWillUseAItoReviewCryptoRegistrations #BitMineIncreasesEthereumStaking #ArthurHayes’LatestSpeech #StrategyBTCPurchase