📉 $SOL Analysis: Is the Relief Rally Over?
The market sentiment for Solana ($SOL) is reaching a critical junction. While the lower timeframes (1h, 15m) show a decent recovery, the Daily (1D) Chart tells a different story—we are still firmly in a macro downtrend. The current bounce looks like a "Dead Cat Bounce" hitting a heavy resistance wall.
🔍 Technical Breakdown:
Macro View (1D Chart): $SOL is trading well below its previous highs (~$148). The Supertrend remains Red (Bearish), and this recent pump from $67 is likely a retracement to trap late buyers.
Momentum (15m/1h): The MACD on the 15m chart is starting to flatten out, and the RSI is hovering near 60—suggesting the buying exhaustion is kicking in.
Order Book & Flow: Supply is beginning to press into the current momentum. As the Binance Square post noted, "pushes higher aren't holding," which is a classic sign of institutional selling into retail strength.
⚡ THE TRADE SIGNAL: SHORT $SOL 🔴
This is a "Sell the Rip" setup. We are looking to catch the rejection as sellers lean back in at these elevated levels.
🎯 Entry Zone: 83.8 – 86.2 (Current Price $84.89 is a Prime Entry)
🛑 Stop Loss (SL): 91.0 (Protect your capital if the trend breaks up)
💰 Take Profit Targets:
TP1: 80.5 (Quick scalp/De-risk)
TP2: 76.0 (Major support level)
TP3: 71.5 (Final target for the full move)
💡 Why this trade works:
The flow feels "heavy." Buyers are failing to defend rebounds, and the Supertrend on higher timeframes is acting as a ceiling. If SOLUSDTfails to break and hold above $86, the path of least resistance is a fast slide back toward the $70 range.
Risk Management: Use 3x - 5x leverage max. Don't chase the move if it drops below $82 before you enter.
