$SOL
SOLUSDT
Perp
66.04
+6.27%
one of our best plays.
caught at $88 and it seems the fall won't stop anytime soon
Post
--Bearish
LiquidationSenpai
·
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Bearish$SOL
{future}(SOLUSDT)
Solana just lost a trendline that held for months.
Price is sitting at $84.55 right now, and the real question is whether it can climb back above that broken trendline or if this breakdown sticks. If we get a retest and a clean rejection, bearish continuation is the most likely next move. In a bear market environment like this, trendline breaks tend to follow through more often than they fake out.
I'm not interested in catching knives here. Either SOL reclaims the trendline and proves this was a deviation, or it confirms the breakdown and heads lower. The burden of proof is on the bulls now.
What's your read — deviation or breakdown? And where are you placing your invalidation if you're watching this?
{future}(SOLUSDT)
Solana just lost a trendline that held for months.
Price is sitting at $84.55 right now, and the real question is whether it can climb back above that broken trendline or if this breakdown sticks. If we get a retest and a clean rejection, bearish continuation is the most likely next move. In a bear market environment like this, trendline breaks tend to follow through more often than they fake out.
I'm not interested in catching knives here. Either SOL reclaims the trendline and proves this was a deviation, or it confirms the breakdown and heads lower. The burden of proof is on the bulls now.
What's your read — deviation or breakdown? And where are you placing your invalidation if you're watching this?