Battle of SOL (4 hours time frame)
We now have 7 consecutive red candles (bearish trend started by a Death Cross) coupled with weak volume (which supports the initial bearish trend).
Currently it breaches the 142 trendline support. If it closes below this support, the next candle may be fighting at the next trendline support / 3hr SMA200 support at 130.8 and/or the 4hr SMA200 support at 118.
Currently it breaches the 142 trendline support. If it closes below this support, the next candle may be fighting at the next trendline support / 3hr SMA200 support at 130.8 and/or the 4hr SMA200 support at 118.
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