SOL - False Break SOL / TetherUSBINANCE:SOLUSDTVIAQUANTTo fully understand why this rising wedge is so important and why I have been tracking it for so long, please refer to all of my previous posts on this structure: As each update has shown, price action has played a critical role in validating this trend at every stage. Now, on the 12H chart, we are seeing yet another confirmation of the rising wedge and the larger move that is looming beneath the surface. After my last SOL post, price actually broke above the pattern (which is generally a bullish signal) indicating a continuation move. However, during the very next 12H period, price broke back below the rising wedge, negating the breakout entirely and confirming a false break. This is a classic market maker trap, and it tells us that the downside continuation move is still very much in play. What gives this even more validity is what happened next. After breaking back into the wedge, price retested the top of the rising wedge (upper black dotted trendline) and closed the following 12H candle below it. This is a textbook bearish reclaim of the structure. From there, price began trending lower from the top of the rising wedge. Price is currently at a pivot point within the trend, and the RSI is the key variable to watch. If SOL can bounce from the green dotted momentum trendline ("Must Watch") then the upward RSI trajectory can still be maintained. However, a 12H close below that momentum trendline would be a significant warning sign which would validate the rising wedge, confirm that momentum is failing, and set the stage for a future breakdown. This is most certainly a time to pay close attention. Watch how this trend develops over the next few sessions.