Hello everyone, this is Domic,
On the 4H timeframe, SOL has decisively broken below the 130–132 support zone and dropped quickly toward 125–126 with long bearish candles accompanied by rising volume. This price action clearly shows active selling pressure taking control of the market. This is not a minor shakeout, but a confirmation that the downtrend is now dominant.
After the sell-off, price has only moved sideways briefly to rebalance liquidity, without any strong buying response or clear reversal pattern. This type of structure typically appears before the primary trend resumes.
The preferred scenario is a technical rebound back toward the 130–132 zone, followed by another leg down toward 123–125. If this area is breached, the decline could extend further toward 118–120. The bearish outlook would only be invalidated if SOL prints a clear 4H close above 136. Until then, all rebounds should be viewed as selling opportunities in line with the prevailing trend.
Wishing you successful trading!
On the 4H timeframe, SOL has decisively broken below the 130–132 support zone and dropped quickly toward 125–126 with long bearish candles accompanied by rising volume. This price action clearly shows active selling pressure taking control of the market. This is not a minor shakeout, but a confirmation that the downtrend is now dominant.
After the sell-off, price has only moved sideways briefly to rebalance liquidity, without any strong buying response or clear reversal pattern. This type of structure typically appears before the primary trend resumes.
The preferred scenario is a technical rebound back toward the 130–132 zone, followed by another leg down toward 123–125. If this area is breached, the decline could extend further toward 118–120. The bearish outlook would only be invalidated if SOL prints a clear 4H close above 136. Until then, all rebounds should be viewed as selling opportunities in line with the prevailing trend.
Wishing you successful trading!
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Trade fechado: objetivo atingido
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Join our group and unlock real-time Forex, gold, and crypto signals — sharp insights, fast alerts, and opportunities you don’t want to miss.
Join now: t.me/+dfxDTk_DRtg4Mzll
Join now: t.me/+dfxDTk_DRtg4Mzll
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.