Short

SOLANA DUMP INCOMING

By Cousin_Fat_Fat

Updated

SOLANA DUMP INCOMING

Why?

- USD Strength
- Weekly uptrend line broken
- Leaving Mod-Schiff Fork
- Weekly MACD Bearish Cross
- Weekly DMI Bearish Cross (Pending)

Don't let the log-scale chart fool you.

We're looking at a return to $8 (December '22 low), or an even larger decline to $5 (the Aug '20 high)

That's a 50% - 70% drop from current levels.

Short it.

Fat_Fat

Note

snapshot

Weekly MACD Bearish Cross

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Weekly Ichimoku Cloud is looking bearish

snapshot

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50-70% percentage decline

snapshot

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snapshot

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snapshot

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There are rumors circulating about a potential liquidation of FTX SOL holdings....

Note

Approximately $128 Million USD value in Solana currently owned by FTX.

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