🚨 $SOL
Bears Bailing, But Big Bearish Formation Looms 🚨
Hey guys, that recent dump was brutal SOL dropped straight down to around 84.
📊 I noticed that in the 1-hour chart, short positions blew up to nearly $3 million which suggests the bears are starting to bail.
Right now, retail traders are still stubbornly holding long, and the big players are taking this opportunity to pump and harvest.
🔻 Key Levels:
Strong Support: 82.5
Strong Resistance: 87
📈 Long Setup:
Wait for a pullback to 83 – 83.5 to enter
🛑 Stop Loss: 82
🎯 Target: 86 – 87
📉 Short Setup:
Wait for it to pump to 87 before trying
🛑 Stop Loss: 88.5
⚠️ Big Warning:
Brandt mentioned that if SOL confirms a head and shoulders pattern, it could drop straight to $43
Big bearish formations loom overhead and Bitcoin is still shaky
Tread carefully with longs
Not Financial Advice just my personal opinion, for reference only.
👇 If you have different thoughts, feel free to comment and share