Trade Idea: SOL SHORT

Opened 2026-04-07 19:50:47 · Valid until 2026-04-08 19:50:47 · Closed 2026-04-07 21:15:04

How this works. Pending means price has not hit entry. Live means entry was hit and the trade is active until TP or SL or expiry. Closed means TP or SL hit, or expired. Times are UTC. Educational use only.

SHORT PENDING RR 1.70 Conf 75% Scalp hours

Entry

81.39000000

Stop

82.10000000

Targets

80.50000000 / 79.90000000 / 79.50000000

Live price

88.52000000

Live ROI

-8.76% vs entry

Idea ID

#10241

Now Entry Stop TP

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Thesis and checks

Short setup on SOL supported by confluence across multiple timeframes:

5m chart: Bearish engulfing candle near resistance at $81.50 suggests immediate selling pressure.
15m chart: RSI divergence with price making a slight higher high but RSI lower high indicates weakening momentum.
1h chart: Price rejected from a key resistance zone around $81.70 with volume spike on sell orders confirming supply.
Risk-reward ratio above 1.6 with tight stop above recent resistance and multiple take profit levels near current price supports a quick scalp within hours.

Trade ideas are educational. Manage risk and position size.