$SOL just needs the spirit of a relentless fan
The bearish trend is still in play; rebounds are just shorting opportunities!
The price has pulled back from a high of 84.89, and although there's a bounce at 83.19, we’re still in a downward channel overall. The moving averages haven’t formed a solid bullish setup either; this rebound feels more like a weak retracement in the downtrend.
Set your stop-loss above 84.3. If the price breaks above the previous high resistance, it indicates that the bearish thesis has failed, and you must exit decisively.
The bearish trend is still in play; rebounds are just shorting opportunities!
The price has pulled back from a high of 84.89, and although there's a bounce at 83.19, we’re still in a downward channel overall. The moving averages haven’t formed a solid bullish setup either; this rebound feels more like a weak retracement in the downtrend.
Set your stop-loss above 84.3. If the price breaks above the previous high resistance, it indicates that the bearish thesis has failed, and you must exit decisively.