$SOL has broken support on the 1H timeframe, and the current bounce hasn't shown significant volume yet.
Current price is 83.570, sitting awkwardly in a neutral zone for some gamification.
EMA144 and EMA169 are still pressing around 84.348 to 84.501.
As long as these levels aren't reclaimed, any pump can only be seen as risk release.
📉 The current rhythm is a classic bearish structure suppression.
An average volume of 0.77 indicates that the buyers haven't really stepped up yet.
Even if RSI shows slight improvement, it won't change the broken structure status.
The key invalidation point is at EMA233, around 84.735.
⚠️ This kind of movement is most fearful of a quick bounce followed by another drop.
First, let's see if the resistance near 84.348 can be taken out with volume.
If this level breaks, we recalculate the logic.
Not financial advice. For reference only.
#SOL #Crypto #Trading SOL
⚠️ Not financial advice. For reference only.
#BTC #ETH $BTC $ETH
Current price is 83.570, sitting awkwardly in a neutral zone for some gamification.
EMA144 and EMA169 are still pressing around 84.348 to 84.501.
As long as these levels aren't reclaimed, any pump can only be seen as risk release.
📉 The current rhythm is a classic bearish structure suppression.
An average volume of 0.77 indicates that the buyers haven't really stepped up yet.
Even if RSI shows slight improvement, it won't change the broken structure status.
The key invalidation point is at EMA233, around 84.735.
⚠️ This kind of movement is most fearful of a quick bounce followed by another drop.
First, let's see if the resistance near 84.348 can be taken out with volume.
If this level breaks, we recalculate the logic.
Not financial advice. For reference only.
#SOL #Crypto #Trading SOL
⚠️ Not financial advice. For reference only.
#BTC #ETH $BTC $ETH