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#sol
sooner or later it will dump hard
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SOL/USDT has started to pull back from the $205.00 resistance level and is currently trading at $197.65, down by about 1.06%. Here’s what this may imply: Key Observations 1. Decline in Price: • The price has dropped below the immediate support around $200.00. This could suggest further downside potential if it fails to reclaim that level. 2. RSI Levels: • The RSI(6) has dropped to 27.04, which is in the oversold region. This might suggest a temporary pause in the selling pressure or a possible short-term bounce. 3. EMA Levels: • The price is currently below the EMA(7) and EMA(25), which is showing signs of a short-term downtrend or consolidation. 4. Support Levels: • Immediate support appears around $189.20. This level might act as a base if the current downtrend continues, providing a retest opportunity. Retest and Shorting Strategy • Retest Level: Watch for a retest of $200.00 or $205.00. If the price fails to break back above these levels and shows bearish signals (e.g., rejection candles or a lower high), it might confirm continued downward movement. • Short Entry Signal: A failed retest at $200.00 with decreasing buying volume or reversal patterns could be a short opportunity. • Potential Support Targets: • $189.20: First support level; could act as a short-term floor. • $170.91: A more significant support level for a deeper pullback. Summary • Short Trigger: Failed retest of $200.00 or $205.00 resistance. • Target Levels: $189.20 initially, with a secondary target around $170.91 if the downtrend persists. • Watch RSI: If RSI remains oversold but fails to recover, it might support further downside.
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#sol so many long liquidation when it will be wipe out?? Already wiped all short liquidation then what is next? beware
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#solonapumping overbought occours dump sooner or later whales 🐳 will take out their profit then we dump please be careful. #don't hold too long
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right
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sui
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