SOLUSD SELL IDEA

Dec 1, 2024

Here is a SOLUSD Sell Idea. After seeing significant buy pressure on Solana brough upon by BTC shooting to near 100k, I believe we will see a retest of previous support levels for few different reasons. There is alot of liquidity between $220 & $260 so those order are likely to get activated before the price continues to rise. As well as the time of the year. December is traditionally a rocky month for crypto and based on price action from years past a slower more bearish market is to be expected.
ENTRY: 261
TP1: 245
TP2: 225
SL: 272