FieryTrading

🔥 SOLANA: Bearish Perspective

Long
BINANCE:SOLUSDT   SOL / TetherUS
A couple of weeks ago I made an analysis on SOL. Here I argued that SOL was closing in on a huge resistance, which could potentially cause a reversal of trend.


In the end, SOL pierced the resistance, but failed to stay above it, causing a significant sell-off.

The most bearish case for this token would be that the price would go down towards the lower trend line., which would in turn pose a nice long-opportunity.

Happy trading!

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