Manipulative pumping of volumes to attract buyers to the bear market. The retest of the 140-142 zone ended with a short squeeze and turned into a decline in tandem with a decline in market volumes
After attempting to rise above 140.0, Solana formed a reversal pattern, the market changed character, and the local structure broke down, indicating a bearish sentiment.
If the coin closes below 134, the market may intensify the sell-off and decline to 128.75 - 124.25
Scenario: A retest of 134.2 - 136.8 may confirm market weakness. If the price consolidates below this area, it may cause further price decline
After attempting to rise above 140.0, Solana formed a reversal pattern, the market changed character, and the local structure broke down, indicating a bearish sentiment.
If the coin closes below 134, the market may intensify the sell-off and decline to 128.75 - 124.25
Scenario: A retest of 134.2 - 136.8 may confirm market weakness. If the price consolidates below this area, it may cause further price decline
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
❤️ Telegram channel: t.me/AndeWave
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.