$SOL
Indicates stress signals after a sharp rise on SOL$ in the short term - the price is strongly rejecting near the resistance level of 140.80 with the formation of a bearish candle... at the top of the ascending wedge pattern
The break of this wedge suggests the potential for a trend reversal with a momentum trio - buyers have failed to maintain higher highs, and volumes have started to decline...
The confirmed break could initially target the 134.20 area, with deeper liquidity around 129.00 if weakness persists - the risk of correction is high with the possibility of the relative strength index being in an overbought state on lower time frames...
If the price remains below 140.50, expect an acceleration of selling pressure in the next 12-24 hours - a classic reversal setup
is forming...
Trade setup (Sell)
Entry range: 138.50 - 137.80
Target 134.20 :1
Target 131.50 :2
Target 129.00 :3
Stop loss: 143.40