Currently in an overbought state for an extended period, the coin hints at an impending corrective move. If the overbought conditions lead to a reversal, we may expect SOL to visit the first support level. A further decline could bring into play the second support, which seems more probable given the setup.
We see that 1 Month RSI has been in overbought zones and no major corrections were during that day (which is strange) - we are looking here for a potential good short setup to happen soon!!
Swallow Team
We see that 1 Month RSI has been in overbought zones and no major corrections were during that day (which is strange) - we are looking here for a potential good short setup to happen soon!!
Swallow Team
Note
After 10% of dump on the coin the RSI has normalized, suggesting the market could be cooling off from its recent highs.
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🚨 Authentic Traders
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
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.