SOLUSDT - THE CORRECTION IS IMMINENT (TARGET $64)

As Bitcoin has announced its breakout, it is clear to me that the general crypto market correction is happening. Solana will not be exempt. Here is my analysis:

What is on the chart? (follow the steps)

1) A daily FVG that serves as a support zone.

2) The descending trendline that is the main driver of this bearish analysis since it pushed price to form a daily descending triangle (employing the retail lingo so that everyone can understand).

3) Price wicking multiple times in the daily FVG confirming that it is indeed a 'support zone'.

4) A false breakout. This is the strongest short signal of the chart since it demonstrates how bulls failed to break the structure and pursue the rally.

5) A short structure setup which here just serves as a confirmation (I didn't personally enter there as I was waiting for BTC).

6) The imminent breakout that should be ruthless. These kind of corrections can make or break people. So I expect it to at least take out the $64 sellside level.

NOTE: Don't let it go to your head. If you are over exposed, just minimize your risk and take a break from the markets. You control your investments not the other way around.

As always, enjoy the rest of your day and happy trading!! ;)