Solana(SOL): We Are Looking To Short!

SOL has been on our radar ever since that 40% gain we achieved, but as of now, on a daily basis, we are seeing a nice indication of a potential downward movement soon!!

With the price being multiple times outside of the overbought zone, we see that the price is feeling pushy, where currently it is attempting to form another zone outside of the overbought zone.

We are not sure how long this kind of movement will last, but at any point we see that the middle line of the BB can be broken, which can start the dump and a decent correctional movement.

Swallow Team

Comment:

Sol has nicely secured that middle line of Bollinger bands, which is a good potential start for a downward movement.

Comment:

After breaking that middle line, the BB price has shown us a nice 10% market price movement.

Comment:

After this TA, we have had multiple nice downward movements of 15% and 17%, but the price has not yet fully secured this zone.

Despite that, we had multiple godo entries this month on it and now we wait for this re-test of that same zone to be secured (in order to see further movement to lower zones)

🟢Trade Was Successful (With multiple opportunities for short position)