#SolanaStrong Important Level
#Solana is currently entering a dangerous zone as the chart has formed a
Double Top and is also creating a Head & Shoulders pattern.
When both of these things occur together, the situation becomes serious.
The chart has already broken once — this is a Warning Shot for you.
If you are not in SOL yet and are bullish:
This is the only area where taking a long position could make sense, and only with a clear stop loss.
No trade without a stop loss.
If you are bearish and want to short:
Don't rush (don't front-run).
Wait for the next breakdown and trade against it only when this level fails properly.
If you already have SOL and are sitting on hopes (hopium):
You definitely do not want this level to break.
If it does break, the downside can come very quickly.
In the end, a question:
Why is this happening when Cryptos are down -50% and the Dollar is only down -10%?
This is where discipline comes into play.
Don't FAFO (meaning don’t incur losses by experimenting without thinking).
