So as we know Solana made higher and went straight to 68 without even consolidating in last month and hit our first and second Take Profit target. There could be H&S pattern might be forming in 4H TF which means we could see 40-39 area or even go down to 33 area. But remember there is a huge support zone at 48-45 area. I wouldn't go into short position. Once...
There are few signs telling me to go down to 4.
1. Can't make higher high
2. Triangle pattern after Downtrend.
3. Cannot break 31 area in 1W TF.
4. Could be Bullish Flag pattern.
5. Solana reached 8 before and just doing pullback now.
But remember Sol can just do fake break out from triangle pattern and go down.