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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.