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Solusdtshort

SOLUSDT Elliott Waves Analysis (Local Setup)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: market and higher Target: 20 - 17 and maybe even ~15.5 after first target reached move ur stop in breakeven Stop: (depending of ur risk). ALWAYS follow ur RM . risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
Short
by trytofeelpositive
13
SOL, you look hammered, I think you might...PUKE! Like highlighted on the chart with the red circle, price grinding on a trendline in that manner could have severe consequences, to the downside. The trend is bearish and the possibility of a break to the downside is high. CPI data released on the 13th could very well be the trigger of it. I've also charted this in log scale so it would be easier to see how far Solana has actually risen, and how much lower can it go. Looking left I see major price action around levels like 15 & 4. Sharp eye might see another top pattern on the chart, let me know in the comments if you see it!
Short
by RiskCity