SOL 4H – Golden Pocket Rejection, Trend Pressure Still DownSOL continues to trade within a clearly defined bearish structure, with both the daily and 4H trendlines acting as dynamic resistance. The recent push into the 0.618–0.65 Fibonacci golden pocket was rejected cleanly, aligning with prior horizontal resistance near the 144 level — reinforcing this zone as a high-probability supply area.
Price remains capped below the 50 and 100 EMAs, which are now compressing and sloping downward, suggesting downside continuation unless structure is reclaimed. As long as SOL holds below the descending trendlines, rallies are best viewed as corrective rather than impulsive.
On the downside, range support near 123–124 remains the key level to watch. A clean break below this zone would open the door for expansion lower, while any bullish scenario requires a reclaim and hold above the golden pocket and trend resistance — something price has failed to achieve so far.
Momentum shows short-term relief attempts, but trend control remains firmly bearish until proven otherwise.
