Solana: Broadening Top (Bear Megaphone)

Solana's waves have been expanding steadily, with a series of higher highs and lower lows, with the last attempt at trend resistance amounting in a large rejection wick. This came after an above-average demand volume bar, showing us, once again, that bears are in power. If the ABC correction plays out, we can expect the PA to fall back to trend support and retest the reverse symmetrical pattern there.

This is good news for those of us (like me) needing to scoop up some cheap Solana. I believe SOL will return to its glory days in a year or so when the markets experience a rebirth. For now, it's all about accumulation. Good luck and safe trading to all.

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