Watching a possible bear trap setup on $SOL . Here’s a short opportunity I’m keeping an eye on for $SOL /USDT. 📉
Short Setup:
Entry: 98.21 – 99.41
Stop Loss: 102.40
TP1: 95.22
TP2: 94.03
TP3: 91.64
Setup Rationale:
$SOL is still in a strong bearish trend on the daily timeframe, which keeps the overall bias short. The macro structure hasn’t changed yet.
Price recently rejected the 4H supply zone around 98.81, lining up well with the broader downtrend and confirming resistance in this area.
On lower timeframes, momentum remains weak — the 15m RSI is sitting around 42.7, showing bulls are struggling to step in with strength.
Open Question:
TP1 sits near $95.22. Do you think price taps that level this week, or do bulls manage a surprise reversal? Drop your thoughts below 👇
