The previous bullish thesis on Solana has been invalidated. Price action is now signaling a cancellation of the uptrend structure, with the target price level likely to be tested from a bearish front-run perspective.
Traders monitoring SOL should recalibrate their positions accordingly. The rejection at key resistance suggests a shift in near-term momentum, potentially opening opportunities for short-term traders positioning ahead of the anticipated move.
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NFTragedy
· 22h ago
Wait, another reversal warning? I keep feeling like these analyses all look like after-the-fact armchair strategies.
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LayerZeroHero
· 22h ago
Oh no, got trapped again? I saw this wave was off long ago, and now you're talking about a reversal...
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CryptoCross-TalkClub
· 23h ago
Laughing out loud, another wave of "leek harvesters" coming online. The bullish arguments being invalidated happen even faster than my xiangsheng skits crashing.
SOL Reversal Alert
The previous bullish thesis on Solana has been invalidated. Price action is now signaling a cancellation of the uptrend structure, with the target price level likely to be tested from a bearish front-run perspective.
Traders monitoring SOL should recalibrate their positions accordingly. The rejection at key resistance suggests a shift in near-term momentum, potentially opening opportunities for short-term traders positioning ahead of the anticipated move.