We are running out of Buyers for SOL. SOL/BTC also hit resistance here, and we expect a continuation of the trend to the 0.5 or 0.618 extension on SOL/BTC. Price can fall to 25 USD or lower when BTC dumps.
Looking at the recent PA these past few hours, we can see BTC and ETH are stronger. We can also see a distribution pattern with volume suggesting distribution, similar to the TOTAL chart at 48k (See Link to Related Ideas)
Loading shorts between 42.2 and 42.8.
Looking at the recent PA these past few hours, we can see BTC and ETH are stronger. We can also see a distribution pattern with volume suggesting distribution, similar to the TOTAL chart at 48k (See Link to Related Ideas)
Loading shorts between 42.2 and 42.8.
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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.