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FieryTrading
Sep 18, 2021 8:01 PM

🔥 SOLANA: Bearish Perspective Long

SOL / TetherUSBinance

Description

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A couple of weeks ago I made an analysis on SOL. Here I argued that SOL was closing in on a huge resistance, which could potentially cause a reversal of trend.



In the end, SOL pierced the resistance, but failed to stay above it, causing a significant sell-off.

The most bearish case for this token would be that the price would go down towards the lower trend line., which would in turn pose a nice long-opportunity.

Happy trading!
Comments
AlexandruBoldisor2021
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Agreed, I'm waiting also to buy SOLANA around 100$
financialflagship
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Excellent breakdown, well done. 😉
srr6000
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NICE CHART,THANKS
patriot68
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thanks for sharing the idea.

you wrote #long as the topic of analyze , but described it bearish !

long or short ?

thanks again.
FieryTrading
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@patriot68, Miss-click, Shouldve been neutral/short. Thanks.
patriot68
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@FieryTrading,

you're welcome.
PolarHusk
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That is a rising channel in the long-term view. thanks for sharing this up.
Zaramalik
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Should i sell sol?
UnitedSignals
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I guess we have a similar view on that. Well done!
JAKY1
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can you take a look at avax/xrp/algo/link
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