SOLUSDT is more bullish than BTC, but it still follows the overall bearish downtrend. In other words, BTC only has a steeper decline.
Both BTC and SOL are forming a descending triangle, with bears hitting them harder with a downtrend and bulls only being able to stand off at a heavily loaded horizontal resistance line(red/black box).
The short zone(blue box) is where the downtrend and the smaller uptrend meet.
When the bears win, both SOL and BTC will plummet hard, though I predict an overall turn to an uptrend. So S/L should be maintained carefully as the price falls, as it may rise again to the point of short zone.
I'm a noob so please don't take this seriously.
Both BTC and SOL are forming a descending triangle, with bears hitting them harder with a downtrend and bulls only being able to stand off at a heavily loaded horizontal resistance line(red/black box).
The short zone(blue box) is where the downtrend and the smaller uptrend meet.
When the bears win, both SOL and BTC will plummet hard, though I predict an overall turn to an uptrend. So S/L should be maintained carefully as the price falls, as it may rise again to the point of short zone.
I'm a noob so please don't take this seriously.
Comment:
Short-term Long at 138.98 to maybe 141.98