It looks like the recent squeeze in SOL could be about to end ( in line with equity markets ) as Tariff related risk returns .
SOL broke below a level that held good volume and support this morning ( Re Ellipse ) having retraced the level many time ( orange circle and blue line )
Both Strength and Momentum are beginning to fail on the short term chart and this could be an opportunity for a short position on shorter time frames .
A last attempt to make it higher is worth selling here
Sell SOLUSD at current price ( 149.50 )
Stop 150.75
Target 144.90 or more
Nice Risk return
E
SOL broke below a level that held good volume and support this morning ( Re Ellipse ) having retraced the level many time ( orange circle and blue line )
Both Strength and Momentum are beginning to fail on the short term chart and this could be an opportunity for a short position on shorter time frames .
A last attempt to make it higher is worth selling here
Sell SOLUSD at current price ( 149.50 )
Stop 150.75
Target 144.90 or more
Nice Risk return
E
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