SOL/USD - Back to $20 and there is nothing you can do about it!
Solana's "exciting" breakout turned into an unexciting fakeout.
With the price failing to move above the key resistance, bears took over and are now in charge.
For this reason I expect the price to revisit $20 before any hope of reversal is had.
I am also not very confident on the $20 support, but we need to wait for the price to land there to assess if that will hold or not.
Indicators also show a bearish divergence, just check the RSI. Volume also in red in the past three days.
Bias is bearish on this price action. Let me know what you think?
Like and follow if you liked this idea.
With the price failing to move above the key resistance, bears took over and are now in charge.
For this reason I expect the price to revisit $20 before any hope of reversal is had.
I am also not very confident on the $20 support, but we need to wait for the price to land there to assess if that will hold or not.
Indicators also show a bearish divergence, just check the RSI. Volume also in red in the past three days.
Bias is bearish on this price action. Let me know what you think?
Like and follow if you liked this idea.
📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
