Solana(SOL): Good Entries For Sell Order

While coin has been showing some weakness to us, we are looking here for short position opportunities!

We are looking here for a breakdown of that "bullish trend," which has been pushing price towards that upper resistance.

If we see a good breakdown, then we can start the climb to lower zones, but if we see another bounce from here, then we suggest to DCA the position.

Swallow Team

Comment:

Sol had dumped towards our major trend zone, which has been on our radar for some time now.

Yesterday's daily closed nicely at the trend, where today's daily is showing some attempt to breakout from there and go for upper zones.

In order to see early downward movement here we are going to need todays Daily candle to close below trend - looking closely and monitoring SOL.

Comment:

After touching that trend and breaking it, the price seems to be going for a re-test of that same broken zone.

Upon successfully rejecting that re-test price, SOL should have a really nice downward movement here!

Comment:

As mentioned, upon successful rejection from re-test, we will see nice downward movement, which is happening right now after that rejection 👀