【$SOL Signal】Short Position | Volume Break Below Key Support

$SOL On the 4-hour chart, volume surged as the price broke below the 90-94 range, forming a strong downward momentum structure. The price paused slightly around $83 but lacked the strength to rebound, with selling pressure dominating.

🎯 Direction: Short Position

The current market indicates a clear continuation of the bearish trend. The last 4-hour candlestick closed at $82.71, below all previous support levels, with significantly increased volume (over 2 billion), suggesting the decline is driven by genuine selling. The funding rate turned negative (-0.0108%), confirming market sentiment has shifted to pessimism, though not to an extreme, leaving room for further downside. The order book shows a substantial accumulation of sell orders (Ask) above $82.7, forming immediate resistance.

Core Logic: Price action (PA) shows that the decline starting from the high of $94.46 is not a correction but a wave of decline. The key support zone of $89-90, once broken with volume, has turned into resistance. Open interest (OI) remains high, and combined with falling prices, it suggests possible forced long liquidations or major players actively offloading. Until the price reclaims and stabilizes above $90 (former support now resistance), any rebound should be viewed as an opportunity to short or wait-and-see. Under the principle of small losses and big gains, the current risk-reward ratio does not support going against the trend to buy.

Trade 👇 $SOL

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#Is the current market bottoming out or just waiting?