ThePaperTraderr

ThePaperTraderr

I thought the downtrend channel of SOL looked like the downtrend and drop of BTC from May '21. I snagged the bars and lined them up and it hits kind of right. Seems to hit the fibs and supports/resistances just right. Not what I'd like to see, but I feel it's in the real of possibility that we slow bleed for awhile in accumulation before the next leg up starts.

ThePaperTraderr

I'm seeing bearish on the short term despite the bull market - watching for a right shoulder to develop. I'm not comfortable shorting a bullish market so will watch for reversals at the previous weekly high and the weekly open to enter a long. They also line up with the .5 and .618 fib retracement on the daily impulse. Good luck to all, NFA lol