$SOL – Short Position Opened
The market continues drifting lower, gradually pressuring long positions.
With month-end approaching, volatility expansion is likely. Historically, we often see weakness into the final days of the month followed by sharp rotations at the start of the new one.
Today, I opened a short position on SOL.
Weekly and daily charts indicate:
• High probability of a break below this month’s low
• Potential move toward the monthly gap midpoint at 59
In a downside squeeze scenario:
• Gap lower boundary at 33.71
At current levels, long positioning remains premature.
Risk remains to the downside until structural confirmation appears.
#BlockAILayoffs #solana