🪙#Sol is gearing up for further decline
My previous take played out almost perfectly, -28%. The bearish flag performed well.
Targets at $82 and $76.5 have been broken down. Right now, these levels are acting as very strong resistance.
It's crucial right now:
• RSI on the daily timeframe has dropped from a fairly high overbought zone to neutral.
• Price is attempting to conduct a retest of the $82-$76.5 zones and the 20-week EMA.
My view:
Combining these factors keeps the priority on a downward trend. After clear confirmation of weakness, I'm looking to go short.
What do you think?
#solusdt $SOL
My previous take played out almost perfectly, -28%. The bearish flag performed well.
Targets at $82 and $76.5 have been broken down. Right now, these levels are acting as very strong resistance.
It's crucial right now:
• RSI on the daily timeframe has dropped from a fairly high overbought zone to neutral.
• Price is attempting to conduct a retest of the $82-$76.5 zones and the 20-week EMA.
My view:
Combining these factors keeps the priority on a downward trend. After clear confirmation of weakness, I'm looking to go short.
What do you think?
#solusdt $SOL