🔴🔴🔴🔴🔴🔴🔴🔴🔴🔴🔴🔴💔
4 days I wrote about Solana starting short-term downtrend . It is playing out as price has dropped 6%+ from $176 to $165 ish .
We are now in day 5 of a short-term downward trend.
1st support of $166 broken .
Next supports are $160 and $155.
It's all about the trend. I believe the $ETH ETF approval sparked this downtrend for Sol.
Shorts are still winning for now.
$SOL weekly (long-term) still remains bullish 🟢 however the 3-day is now forming bearish trend too.
Don't play this trade if you are not a pro trader or analyst. The reversal might catch you off guard.
4H-🔴🐻
1D-🔴🐻
3D- 🟢🔴🐂🐻 (Potentially bearish)
1W-🟢🐂
1M-🟢🐂
