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Looking at SOL's recent trend, if you are currently shorting, my advice is to consider closing your position first.
When this kind of pattern appears, it usually signals two clear signals. First, there is a high likelihood of a rebound to a secondary high tonight — but to be honest, this rebound is not suitable for chasing longs. Second, this formation has actually laid the groundwork for the upcoming sharp decline.
The rhythm of the rebound is roughly as follows:
**First wave of rebound**: There will be an upward surge tonight, expected to peak between 12 AM and 5 AM, then start to fall back.
**Second wave of rebound**: There will be another rebound during the daytime tomorrow, but the opening of the US stock market is a signal that the decline has begun.
**Third wave**: The day after tomorrow or the day after that, a fierce drop could occur at any time (this one is the most brutal).
Once you understand this rhythm, your trading strategy becomes much clearer.