SOL/USDT 5-Minute Candle Analysis: Short Trade Setup 🚨

SOL/USDT trades near $79.75 after a 1.8% daily gain from $78.33 lows, but 5-minute candles display rejection at $80 with bearish pin bars signaling exhaustion.

Technical Signals

RSI on 5m timeframe nears overbought (above 70) with clear bearish divergence; price lags below the 20-period EMA at ~$79.90 amid fading volume.

Small-bodied candles with upper shadows dominate, coupled with high ATR (~$0.50), confirming seller pressure toward day low supports.

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Bearish MACD crossover adds conviction for downside continuation.

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Short Trade Plan

Entry: $79.70-$79.80 (5m close below EMA retest).

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Stop Loss: $80.10 (above session high, ~0.8% risk).

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Targets: T1 $79.00 (R:R 1:2), T2 $78.30 (day low, R:R 1:4), T3 $77.50.

Risk 1% max. Await 5m bear confirmation. #SOLUSDT! #binancewrite #ShortTrade