Is SOL’s last long defense at 78.05?



$SOL /USDT - Sell SHORT

Trade plan:
Entry: 77.94 – 78.16
SL: 79.07
TP1: 77.29
TP2: 76.78
TP3: 76.02

Why focus on this structure?
The 4-hour timeframe issues a SHORT signal, but the trend is still ranging. The 15-minute RSI at 60.53 is close to overbought, and the 1-hour EMA at 78.05 forms key resistance. At the current price of 78.05, if it can’t hold above, it may pull back to TP1 77.29 or even TP2 76.78. Why now? Short-term overbought + resistance confluence means the probability of a correction is higher than a breakout.

Discussion:
Will this move first pierce to 79.07 to squeeze shorts, or will it directly dump to 76.78?
SOL-1.76%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned