SOL · 1H · DOWNTREND
The short setup from my last read is still the active thesis — price never made it to the 88.00–88.50 zone, so the conditional trigger was never met and the setup remains open. That said, both targets from the read before it (83.00 and 81.81) were reached, which means the prior leg is fully spent and I'm watching what price does from this 83 area carefully. Structure is unambiguously bearish: lower highs and lower lows across the full visible window, EMA 9 at 83.12 and EMA 20 at 83.40 are both pointing down, the EMA 50 at 84.03 and EMA 200 at 86.68 are well above and declining — every MA is stacked bearishly. Price is chopping in a tight band around 83, sitting just above the round number, and the daily trend is confirmed down. The 88.00–88.50 zone is 6% away — a rally of that size is possible but price has shown no intent to get there since the setup was published, and the high since that read was only 85.85. I'm not chasing a new short from the middle of the range at 83; the R/R from here is poor. The setup I already have on the books — rally to 88.00–88.50, 1H close back below 88.00 — remains the cleanest entry, and I'm not replacing it with something inferior just to have a fresh scenario. The only thing that changes my read is either price reaching that zone or structure breaking below 81.81 on a close.
CONTINUATION SCENARIO
Carried forward from
Wed, 11 Nov 2026 · SHORT (conditional)
Confirmation
88.00
Already defined — on a rally to the 88.00–88.50 zone, a 1H close back below 88.00 confirms the rejection and re-enters bearish structure. That zone has not been reached. The setup has not triggered.
Invalidation
89.28
1H close above 89.28 — clears the resistance zone and the dense liquidation cluster at 88.28, structurally negating the short.
Target 1
81.81
Dense liquidation cluster, structural magnet below.
Target 2
80.18
Next dense liquidation cluster, next meaningful objective if 81.81 gives way on a close.
Resistance: 85.85 (high since last read) / 88.00–88.50 (trigger zone) / 89.28 (invalidation)
Support: 82.19 (low since last read) / 81.81 / 80.18
This is not financial advice. Content is AI-generated.