SOL - BEARISH SETUPS
Some people did really well buying SOL at the lows late last year, and were well rewarded for their risk.
Fast forward 6 months and the chart just looks bearish to me. I have 3 bearish conditional setups I'm looking for over the second half of the year:
1) "Double Top" print a second high at resistance and prior swing points. The invalidation is acceptance above the $19 level, targeting the swing low.
2) Printing a higher high around $19.5 then rejection from Area Of Interest. Target swing low.
3) It's still early but I see a bump and run reversal forming, which would push price up to the May highs then subsequently roll over. Target is swing lows.
This is not financial advice, I just share my ideas, opinions and projections.
Manage your own risk, entries and targets.
Fast forward 6 months and the chart just looks bearish to me. I have 3 bearish conditional setups I'm looking for over the second half of the year:
1) "Double Top" print a second high at resistance and prior swing points. The invalidation is acceptance above the $19 level, targeting the swing low.
2) Printing a higher high around $19.5 then rejection from Area Of Interest. Target swing low.
3) It's still early but I see a bump and run reversal forming, which would push price up to the May highs then subsequently roll over. Target is swing lows.
This is not financial advice, I just share my ideas, opinions and projections.
Manage your own risk, entries and targets.
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