SwallowPremium

Solana(SOL): Potential Rejection To Come!

Short
BYBIT:SOLUSDT.P   SOLUSDT Perpetual Contract
Solana coin caught our attention where price has reached very strong resistance line, which has stopped for now that magnificent bullish run on SOL coin.

We are looking here for a further weakness to kick in and potentially break that middle line of Bollinger bands, which will result in further movement to higher zones! Our gameplan still stays intact until we are below that major resistance zone!
Comment:

The price has already dropped 9% from the upper major resistance, which is a good start to the beginning of a greater fall!

P.S. We might see some more attempts at the upper zones, but as a mid-term movement, we are aiming for the lower zones!
Comment:

After having a nice movement to lower zones (+9%), the price has gone to the upper zone to re-test it again.

As long as we are below this major resistance, we are still seeing this gameplay play out nicely!

🚨 Authentic Mentoring
⚑️ Short-Term + Mid-Term Trades

Join our amazing team and be part of something bigger.
FREE: t.me/SwallowCryptoTeam
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.