SolanaShort
$SOL back to $79 to $111
If you look at the chart, you can see that every time we've touched the blue trend line, price has bounced off of it and gone higher.
If price bounces here and forms a lower low, then I think the setup is there to finally break the trend line to the downside and head lower.
If price breaks below that trend line , then I think the structure of the chart turns bearish and that price falls into the box on the chart between $79-111.
Let's see how it plays out over the coming weeks.
If price bounces here and forms a lower low, then I think the setup is there to finally break the trend line to the downside and head lower.
If price breaks below that trend line , then I think the structure of the chart turns bearish and that price falls into the box on the chart between $79-111.
Let's see how it plays out over the coming weeks.
Note
Trend line now broken.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.