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Is 77.5 the bottom or top for SOL?
$SOL /USDT - SHORT
Trade Plan:
Entry: 77.3 – 77.7
SL: 79.0
TP1: 76.4
TP2: 75.6
TP3: 74.5
Why focus on this structure?
- SHORT signal on the 4-hour cycle, RSI 15m at 59.29 not overbought, but the 1-hour P_1h=77.5 has been hit.
- Daily range consolidation, short-term bearish target TP2=75.6, stop loss 79.0.
- Why now? Multiple rejections around 77.5, favorable risk-reward for shorts.
Discussion:
Will it reach TP2 first, or fake out and bounce?