Is SOL’s 4-hour chart brewing a SHORT trap?



$SOL /USDT - Short SHORT

Trading plan:
Entry: 76.65 – 76.89
SL: 77.88
TP1: 75.94
TP2: 75.38
TP3: 74.54

Why focus on this structure?
Currently SOL_USDT is around 76.77; the 4-hour signal points to SHORT, but the 1-day trend is ranging, and the 15-minute RSI is 54.64, showing neutral in the short term. Based on the data, the entry range is 76.65–76.89, TP1 is 75.94, TP2 is 75.38, and SL is 77.88. Why now? Because the 4-hour EMA may be forming resistance pressure, but in a ranging market you need to be wary of a false breakout. Note the invalidation level at 78.83; if it’s broken, the bulls have the advantage.

Discussion:
Will this SHORT reach TP2 first, or will it be swept out by the range?
SOL-1.19%
View Original
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