SOL · 1H · DOWNTREND

The downtrend is unbroken — lower highs and lower lows from the 116-handle all the way down to the current 89.29, with every bounce getting sold before it can reclaim meaningful structure. My previous short from the 91.99–93.44 zone never triggered: price never rallied back to that zone, capping out at 90.35 and then rolling back down to 88.73. The setup is still alive in structure — the zone is just sitting above, unvisited — but with price now at 89.29 and the zone nearly 3 points away, I'm watching whether the next bounce has legs to reach it or whether SOL just keeps grinding lower without giving me the entry I want.

The 88.96 liquidation cluster is immediately below current price and already being tested — that dense pocket is acting as near-term support, and a clean sweep through it would likely accelerate toward 80.30. The rally-then-reject setup remains my preferred structure here: the 91.99–93.44 zone is still valid overhead resistance, and if price gets there, the two-step confirmation stands. If it doesn't rally and instead breaks 88.96 on a close, the structure accelerates the thesis without giving me my preferred entry — I note that but won't chase a breakdown mid-range without the cleaner setup.