SOL Short Trading Setup: The Alligator Awakens! Solana / US DollarCOINBASE:SOLUSDthe_batman Wave 4 wedge forming — watch for breakdown. Neely rules and Alligator indicator confirm setup. SOL Trading Setup: The Alligator Awakens! 🐊 The Chart Breakdown Looking at this SOL/USD hourly chart, we’ve got a textbook Elliott Wave setup using the Williams Alligator and Neely’s NeoWave rules. The Wave Count Story ABC: That larger three-wave rally? Done and dusted. ✅ 1-2-3-4-(5): We're now in a five-wave decline, currently sitting in wave 4. Neely Rules Check ✔️ Price & Structure: Wave 3 is not the shortest: travels farther than wave 1 and exceeds projected wave 5 → ✅ Alternation: Wave 2 was a sharp ABC; Wave 4 is a flattening wedge/triangle → textbook alternation ✅ No overlap: Wave 4 doesn’t enter wave 1 territory → clean as a whistle ✅ Equality guideline: The green box shows −2.74 %, mirroring wave 1 → picture-perfect ✅ Time Rules (Neely’s most overlooked): Wave 4 has taken ~25 bars vs. wave 2’s ~15 bars → passes the time-ratio test ✅ Wave 5’s projected end falls within the vertical marker from wave 4’s high → on schedule ✅ Alligator & AO Confirmation 🐊 Alligator lines compressing during wave 4 → energy is building AO divergence: red bars deepen in wave 3, shrink in wave 4 → classic wave 5 setup The Trading Plan 🎯 Entry Strategy: • Stop-limit sell just below wedge support (~$147) Risk Management: Stop Loss: One ATR above wave 4 high — protects against a throw-over Time Stop: Exit at market if not in profit after 70 bars Profit Targets: TP-1: 100 % of wave 1 length (green arrow) TP-2: Trail stop if AO shows bullish divergence near target zone The Caveat ⚠️ If wave 4 drags on much longer (>2× its current length), it could evolve into a complex correction. Time is key — watch that clock. Bottom Line This setup checks all the NeoWave impulse boxes. The structure is clean. The Alligator is asleep. And we’re approaching a wedge break. Short the break, target the equality zone, and respect your time stop. Good traders follow rules. Great traders follow Neely rules. 😉 Agree or disagree? Drop a comment or share your chart!