SOL | Accumulation Zones | BEST BUY ZONESSolana has topped out after its new ATH in January, and it has clearly marked the beginning of the bearish cycle since then.
The bearish-M pattern in quite significant in the weekly timeframe. ( More info on that pattern here, on the ETH chart ):
From a technical indicator perspective, we see a clear "sell" sign - a strong signal from a trend-based indicator:
Which every way we are heading down (stair step or pin drop), there are a few noteworthy zones to watch:
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BINANCE:SOLUSDT
Solusdshort
SOLUSDT, Thu 11 Jul, Wait for short Position!Looking at the market over the past few days, I'm waiting to see how high the price goes?
Does it cross today's High or not?
It doesn't seem that the price will go higher than Wednesday's High!
As a result, I will wait for the right position for a sharp and fast short position.
My first target will be at least Monday` Low and the 2nd target will be at least Friday of last week.
Wish for a low-loss trade
Thu 11 Jul - 4:46
#SOLUSD - Get your Shorts On!#SOLANA was our trade of the day yesterday due to it netting a tickle under 70% gains in just 1 month! We've got a Short signal from Crypto Tipster v2 now..
Looks like #SOLUSD has once again been rejected by this upper trend line which would indicate a bearish move to the next level of support.
The great thing about this #SOLANAUSD Short trade, there isn't much support until a decrease of over 30% has been made, hitting a newly formed upward trend line and a previous level of SR simultaneously; this would be our TP.
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SOLUSDT SELL IDEA (20/11/22)SOLANA is CLEARLY selling off.
I took advantage of the fact that it has broken structure on the 30 min TF, with supply being respected, as SOLANA continues its attempt to respect demand.
PL ratio is a juicy 29.5, with my explanation being the fact that there is plenty imbalance to chase towards demand.
Please trade safely.