Yello Paradisers! đ„ Is SOLUSDT on the verge of a major bearish move? Letâs break it down! đ
đSOLUSDT has flashed a Change of Character (CHoCH), hinting at a shift toward a bearish market structure. The current setup is starting to resemble a Head and Shoulders pattern, a classic signal of an impending downtrend.
đAdditionally, after the CHoCH, we saw a Bearish Engulfing pattern forming right on the resistance zone, further strengthening the bearish case. However, a supportive trendline below could provide temporary relief, so caution is essential!
đIf the price rises from the current level, a pullback from the strong resistance zone may be in play. If an Internal CHoCH (I-CHoCH) appears from this resistance area, it will reinforce the bearish potential and signal a continuation of the downtrend.
đThat said, any breakout and candle close above the strong resistance zone will invalidate this entire bearish outlook.
Stay patient and trade with discipline, Paradisers. The market is at a crossroadsâlet the charts confirm the move before jumping in. This is where strategic planning separates consistent traders from the rest.
MyCryptoParadise
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