Mihai_Iacob

Solana Drop to 80 looks imminent

Short
BINANCE:SOLUSDT   SOL / TetherUS
A few weeks ago, I mentioned the possibility of SOLUSDT retracing to the 80 zone support level once more.
However, Solana surged upward and triggering my stop loss in the process.
Despite this turn of events, my perspective on the market remains unchanged, and I still anticipate a return to the 80 level.

From a technical standpoint, the recent up move from 80 appears to be corrective rather than impulsive, with 120 emerging as a formidable resistance barrier.
Confirmation of a potential downturn would materialize if the price dips back below 100 once more.
I'm looking to sell again.


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