๐ SOLUSDT: Calm Before the Next Move? ๐โก
$SOL is currently stuck in a consolidation zone, moving sideways after its recent volatility. This phase often traps impatient traders โ but smart money waits for confirmation.
๐ Whatโs happening on the chart?
Price is compressing in a tight range
Volume is declining โ sign of indecision
Multiple rejections near resistance show weak bullish follow-through
โ ๏ธ Key Outlook:
If $SOL fails to break above resistance, this consolidation is likely acting as a bearish continuation pattern. A downside move could follow once support gives way.
๐ Traderโs Focus:
Watch the range low for a breakdown
Breakdown + volume = bearish confirmation
Risk management is crucial โ fakeouts are common in consolidation
๐ก Reminder: Consolidation doesnโt mean safety โ it means energy is building. The direction becomes clear only after the breakout.
