SOL · 1H · DOWNTREND

The chart tells a clean story: SOL dropped from ~96 in mid-May all the way to ~62 by early June — a sustained, relentless downtrend with lower highs and lower lows the entire way. Since the ~62 low, price has been grinding sideways to slightly higher, chopping between ~62 and ~69 for about a week. Current price is 68.05, sitting right at the upper boundary of that consolidation range. This is not a breakout — it's price pressing into overhead resistance with the broader structure still bearish. I'm not chasing a long here. The dominant trend is down, the bounce off 62 looks corrective, and 68–69 is exactly where I'd expect sellers to show up.

I'm looking to short this, but I'm not entering at market right now. Price is at 68.05, which is right at the top of the range — that's actually the best risk entry for a short if I get a rejection candle. I'm watching for a confirmed rejection at the 68–69 zone before pulling the trigger. A strong bearish candle closing back below 67.50 on the 30m/1H gives me the entry I want.

Setup: SHORT (conditional on rejection at 68–69 resistance)

- Entry: 68.50 (on confirmed rejection / bearish close back below 67.50, entry on retest)

- Stop Loss: 70.20

- Take Profit 1: 64.00

- Take Profit 2: 62.00

- Risk/Reward: 2.6:1

- Confidence: MEDIUM