Trade Idea: SOL SHORT

Opened 2026-04-12 01:40:44 · Valid until 2026-04-13 01:40:44 · Triggered 2026-04-12 01:43:01 · Closed 2026-04-12 01:53:01

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 CLOSED RR 1.75 Conf 78% Scalp hours to 1 days

Entry

83.45000000

Stop

84.30000000

Targets

82.30000000 / 81.75000000 / 81.20000000

Live price

90.29000000

Live ROI

-8.20% vs entry

Idea ID

#10434

Now Entry Stop TP

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Thesis and checks

Analyzing SOL on multiple timeframes reveals a bearish confluence suitable for a short scalp trade:

5m chart: Price shows a clear rejection at resistance near $83.80 with bearish engulfing candle formation, indicating short-term selling pressure.
15m chart: RSI is trending downwards below 50, confirming momentum is favoring bears in the near term.
1h chart: Price is below the 20 EMA and 50 EMA with a recent bearish crossover, supporting continuation of downside movement.
Risk-reward ratio is approximately 1.75 with stop just above recent resistance and targets set near recent support levels close to current price.

Trade ideas are educational. Manage risk and position size.