SOL · 1H · DOWNTREND

The structure here is as clean a downtrend as I see — lower highs and lower lows from the 116 handle all the way to where price sits now, just above 83. Both targets from my last published short setup (83.00 and 81.81) have been reached and tagged, which means that move is fully spent. The setup I was waiting for — a rally back to 88.50–89.28 for a rejection short — never triggered: price never got there, capping out at 85.24 and continuing lower. With both targets hit and the entry zone untouched, the short from that read is a completed structural objective. The news backdrop supports the bearishness: SOL hit its lowest level in roughly three months near 82, selling pressure is noted as intensifying, and the key support zone that had been holding is described as lost. I'm not chasing price down here at 83 — that's not where I want to be adding short exposure after a multi-week grind. What I want is a rally into a fresh resistance zone to reload the short at a structurally valid level.

Funding is positive at 0.0078% per 8h — longs are still paying shorts, which is a mild crowded-long signal in a downtrend. The liquidation map is what shapes my targets: dense clusters sit at 80.18, 76.70, and a medium cluster at 81.81 (already tagged). Above, the dense cluster at 88.43 sits right inside the zone I'd use for a short entry — that is a magnet and a stop-hunt zone, which is exactly where sellers will likely reload. If a squeeze pushes price into that cluster, I expect it to get absorbed fast.