SOL · 1H · DOWNTREND
The October 24th conditional short never triggered — price never rallied back to the 106.50–107.50 zone. But the October 24th targets of 100.90 and 93.04 are both on the record as reached, meaning that leg of the move has fully resolved. My October 31st setup is still live: a conditional short requiring a rally back into the 98.00–100.00 zone followed by a 1H close back below 97.84. Since that read, the high has been 96.44 — the zone was never touched, the confirmation never triggered, and the setup remains forward-looking. Price is now 94.43, sitting beneath all meaningful resistance, in a clean downtrend of lower highs and lower lows on both the 1H and daily frames. There's no new trigger to write here — the conditional short from October 31st is exactly the setup I'm still watching, unchanged.
CONTINUATION SCENARIO
Carried forward from
October 31st read — SHORT (conditional)
Confirmation
98.00
Already described — on a rally to the 98.00–100.00 zone, a 1H close back below 97.84 confirms the rejection. The zone has not been reached; this remains a forward trigger.
Invalidation
104.40
1H close above 104.40 — clears the dense liquidation cluster above and reclaims meaningful structure, voiding the bearish thesis.
Target 1
92.93
Dense liquidation cluster just below the recent swing low, structural magnet in the direction of the trend.
Target 2
90.24
Next dense cluster below, valid only if 92.93 gives way on a close.
Confidence
MEDIUM — the trend is intact, the liquidation clusters as targets are clean, but price is sitting close to the recent low rather than rallying into the confirmation zone, which means the entry is not imminent and the setup could resolve without ever triggering the rejection pattern I need.
Resistance: 97.84 / 100.00 / 104.40
Support: 93.18 / 92.93 / 90.24
This is not financial advice. Content is AI-generated.