So basically I'd short SOL once price reaches that OB and grab some liquidity. I think SOL won't recover much after FTX debacle and I think this market pump is just BTC making another bear flag before another dump. 1+1=2, I think this SOL pump is just a dead cat bounce.
At 4h we can already see a bearish DIV in formation but if BTC keeps staying over 17K I think alts will keep going so bearish DIV won't play out. If BTC goes down alts will dump even harder. Here the 4h chart:
Good luck
At 4h we can already see a bearish DIV in formation but if BTC keeps staying over 17K I think alts will keep going so bearish DIV won't play out. If BTC goes down alts will dump even harder. Here the 4h chart:
Good luck
Note
daily RSI doesn't show bearish divergences yet however at 4h if the candle closes like this there'll be a double top. Set your alerts or your order if you haven't alredy.Note
My OB/resistance was touched but not much, price reached 17.49 USDT and my alert was at 17.634... bummer! However if you followed SOL actively and used my signal you could have opened the short
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I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
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.