SOLUSDT has formed a bearish pattern on the 15min timeframe, with potential targets at 159 and 151.
I wouldn’t take a short entry here. Instead, I’ll wait for a bounce. Shorting now would be a counter-trade.
I’ve drawn a possible bounce zone, with a good entry point around the shorters’ TP2 at 151.
Another scenario involves a liquidity sweep before dropping to TP2, which would indicate a stronger bearish move.
The last possibility is a break above the liquidity sweep area, followed by consolidation and either a new high or a bullish structure formation. In that case, we could consider buying in that zone.
this is same scenario with doge but in 1hr time frame.