Sol is approaching crucial support at $75, if it doesn’t hold, sol is very likely crash at $40. As you can see in the chart there is nothing between $75 – 40 to stop the fall; only a minor support around $67.5. • If you are looking for (short term) longs wait for a rejection at $75.36 and a bullish confirmation candle. Stop loss: below $75.36 Take profit: at the POC $101.5 or at $115 • If you’re looking for shorts wait for a clean break and a test of the $75 • For a “safe” short but with higher risk (stop loss above 75.36) wait for the price to flip minor support. PAY ATTENTION a short below $67.5 gives you an R/R below 2 or slightly above. A long-term bullish confirmation will come when SOL clean $150. Generally, in these market conditions, it isn’t suggested to take any trade, neither short or long.
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