SLNH / Daily

SLNH — 📊Technical Update (Daily)
As highlighted in the previous update(pinned on my profile), SLNH rebounded 15% today (Rally of the day!) within Minute Wave ⓑ, closing near the apex of resistance equivalence lines after a prior 48% decline in Minute Wave ⓐ — consistent with the near-term bearish bias previously outlined.

The Fibonacci retracement target at $3.70🎯 remains intact. Once the retracement in Wave ⓑ completes, a sharp decline of roughly 54% is expected to follow in Minute Wave ⓒ, continuing the broader corrective sequence of Minor Wave 4 📉.
Support is anticipated to emerge near the apex of the equivalence lines — would set the stage for a powerful +300%📈 surge into mid-December.

Bearish Alternate Scenario [Near-Term]
Under this alternate scenario, Minor Wave 4 is currently unfolding — a pullback that would retrace up to –66%, consistent with the behavior typically observed within a Leading Diagonal structure. This retracement is expected to be sharp and volatile, characteristic of fourth waves in such formations in Diagonal.
The near-term downside target is projected around $1.66🎯, with potential support near the apex of the convergent equivalence lines.
🔖 This outlook is derived from insights within my Quantum Models framework.

Bullish Alternate Scenario [Mid-Term | Long-Term]
The rising price action since early April continues to develop as a potentially bullish structure in Leading Diagonal, forming Intermediate Wave (1).
Int. Wave (1) is expected to complete near $6.66🎯 — a key target zone to watch.
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