Technical analysis by ElliotXSolana about Symbol SOL: Sell recommendation (4/8/2025)

SOLUSDT 🧠 Elliott Wave Analysis 🔍 Market Structure & Wave Count: After a strong bearish impulse, the market completed a complex corrective (A)-(B)-(C) structure. The recent move up appears to be wave (2) of a larger downward impulse and seems to have finished. We are currently in the early stages of wave 3 to the downside, aiming for a full 5-wave structure (1-2-3-4-5) within wave (C). The final wave 5 is expected to complete in the demand zone (gray box) around 90–95 USDT.📉 Short-Term Bearish Target: Target zone for the completion of wave (C)-(B) lies around 97 USDT.📈 Next Bullish Move (Rebound Target): After completing wave (C), a new upward move in the form of wave (A) is expected. This bullish corrective wave could reach up to 115 USDT, completing a larger A-B-C structure.📊 Indicators: MACD shows weakening bullish momentum – potential confirmation for wave 3 downside continuation. RSI is near the oversold zone (~27) – supporting the idea of a wave 5 bottom and a bullish reversal afterward.🧭 Conclusion:➡️ Focus is on a final move down to complete wave (C) around 90–95 USDT.➡️ After that, a possible long setup is expected for a corrective rally.➡️ Great setup for swing or scalp trades using Elliott Waves + demand zone confluence.Running clean as f*ck. I'm looking for partial profit in wave 3 so I would have more money in wave 4-5 to add to my main short