SOL · 1H · DOWNTREND

Both targets from the conditional short setup — 81.81 and 80.18 — have been reached on this leg down, with price spiking to 77.92 before bouncing back to where it sits now at 80.57. The trigger zone (88.00–88.50) was never reached, so the two-step confirmation was never met — but the targets printed anyway on a straight flush lower, which tells me this downtrend has real momentum behind it. All four EMAs are stacked bearishly above price — the EMA 9 at 80.14, EMA 20 at 80.59, EMA 50 at 81.87, EMA 200 at 85.36 — and price is now clinging just below the EMA 20 after bouncing off the spike low. That bounce looks corrective to me, not structural: no higher high has formed yet, and the entire MA stack is pressing down on price from above. I'm not chasing the short at current price — the best entry was into the spike and that's gone — but I'm not interested in the long either against a daily downtrend and four declining EMAs overhead.

What I'm watching is a rally into the EMA 20/50 cluster, currently sitting around 80.59–81.87 and falling, which also sits inside the dense liquidation cluster at 80.67. If price rallies into that zone and then closes back below 80.59 on a 1H candle, that's the rejection entry I want. The 76.91 and 74.16 dense liquidation clusters below are the magnets — that's where this leg targets if the rejection holds. Invalidation is a 1H close above 82.50, which clears the EMA 50 and breaks the sequence of lower highs on this chart.