SOL

Updated

I had this plan for SOL some time ago, currently SOL fell down the stairs and fell right into the cellar.
If he can go back and test previous support from below, it's hard to say now.

On Friday the 13th, this day I was expecting a correction, so it is possible that the market maker will take advantage of fear and send it up (eliminate short positions and test some support from below).
Otherwise, the direction is still down.

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In the idea of April 27, I pointed out that this is a bull trap and will not give traders a chance to leave the position.
The cellar will eventually be deeper than I thought.

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SOL is still in the cellar, if there is no breakthrough by the end of the week and a valid closure above the resistance, it will continue down.

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Trade active

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Game plan for SOL _ She did not finish the ground floor visit.

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SOL is falling into the area for a double bottom formation, if the previous low is not broken, I see a chance for a rebound.

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When it breaks above the resistance, the target is 45 USD, but I don't like the current situation on the market, the September correction is already a tradition.

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Test Failed, SOL is starting to break through Real Value.

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SOL has broken a bit higher at the moment, but it can't be trusted.
SOL likes to trap traders.
As I stated in this thought.

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Comment: She pretends to be above support, but Solana is exactly the type of girl who will lure you in and then take all the money out of your pocket.
I would be careful.

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The boy just stares at what's going on.
Only Solana showed what she does best.
It's currently above support, but it's Solana so be careful.

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Solana was born from a diamond and seems to return to where it was mined.
In the previous idea, I set a target of 12 $, got there, it was possible to use +50% return to the top, but such trades in a slump are more for traders who like adrenaline, not for those who like a good night's sleep.
After sitting back to the 12 $ support, I would be careful.

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Solana is once again at a decision point.
I can see the way down, but this is a gold digger, repeated fakeout is possible.

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Solana is -95% ATH, many people might assume that might be enough, but I don't think so.
Lately, it's always been necessary to do the opposite of what the chart showed.
SOL was below support = up
SOL was above support = down
There's a big gap right now where it went up quickly, I suppose it can go down there too.
If it doesn't fall there now, it will fall there later.

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Solana has just arrived for further support, but given that she was moving on thin ice and it has already begun to crack, it is quite dangerous at the moment.

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Sol rebounded exactly at the point I expected.
I thought the bounce would be 30-50%, but Solana likes to be the center of attention, so she performed something to draw attention to herself.
If you were tempted, I would be careful here.
Solana often lures and then kicks you away.

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Solana has already written off -25% from the 26.82 point I pointed out.
Sol likes money, so this is probably just the beginning.

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Solana is in a potential double top formation, at a break below 20 usd and confirmation as resistance there is a big chance for a big drop.

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Solana breakout below $20, if the previous support is confirmed as resistance, there is a chance to play a double top pattern.
Same thing over and over, show the big pump, drop the price first.
Upstairs, SOL shows off her breast and buyers are already flocking to get her ridiculous chips.
Better count on SOL around 5USD in May, you won't be surprised like the boy in the picture.

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SOL oft-slowed and broken project by two Texas brothers with false identities is preparing for a potential landfill.
Garbage must be placed in a landfill.
Or invalidate it, break all resistances, test from the top and pump, many people who were trapped somewhere above will be happy and sell immediately.

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Solana is preparing for waste removal.
But it is recycling waste, so it is likely that it will not end up in a landfill and will be offered again in the next cycle.
But I wouldn't bet on him beating his ATH.

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It looks like the garbage collection is slowly starting.

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Garbage collection is going well.

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Garbage dumping was suspended to liquidate short positions. On You Tube, they are currently trying to get liquidity for their sponsors (whales) to continue dumping.
In my opinion, the breakout of the lateral trend line will subsequently turn out to be a fakeout, the point is to deal only with a strong breakout above 26 usd for subsequent confirmation as support.

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Regardless of what pumps SOL shows (it always happens before the crash), in order to confirm that the blow off phase has ended, it is necessary to break above the yellow line and test it as support.
People may be expecting the rally that occurred in July 2021, but it was there after the correction, it tested it as support and the wicks were bought immediately, at the moment it is exactly the opposite and so far it seems to be selling off.

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It is interesting how SOL continues this simple pattern for the head and shoulders even with the likely false reversal above the support.

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A smaller bounce is possible from the area around 13usd, the bulls will see the trend line tested there or some other nonsense.
With a break below, I still see 5 USD as a real possibility by the end of the year.

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After reaching the top of the bear flag, I expect a strong selloff like what happened with the previous flag because people are very bullish on this shitcoin.

trader-123456

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