SOL · 1H · DOWNTREND

Both targets from my previous read — 86.58 and 85.65 — have been reached, so that setup is a completed move. Price has since pushed lower still, trading down to 84.24 before the current level of 84.74. The structure remains unambiguously bearish: lower highs and lower lows across the entire visible window, all four EMAs stacked in bearish order and sloping down, with the EMA 200 at 90.41 acting as a ceiling far above. The confirmation zone at 91.99–93.44 was never reached — the short never triggered on that two-step entry — but both targets printed anyway as the trend continued without a meaningful bounce. That's the downtrend doing what downtrends do.

The honest read now: price is at a new low for this window, momentum into the most recent leg down was elevated (volume spike visible on the right), and I have no fresh structural level to the downside visible on this chart. The liquidation map has dense clusters at 80.25 and 76.70 below — those are the structural magnets if the move continues. Above, the dense cluster at 89.28 is the first real resistance zone, coinciding roughly with where the EMA 9/20 cluster is currently trading. That's my rally-then-reject zone for a fresh short entry.

I'm not shorting into the low here. I want price to do one of two things: either rally back into the 88.50–89.28 zone where I can short the rejection, or give me a brief consolidation that prints a clear lower high before continuing. Chasing a move that's already hit two targets and extended below them gives me no edge.