SOL short to SOW in phase B distribution | Target around $93
SOL is forming a daily distribution phase and heading towards the SOW in phase B in the green box. That's the LPS zone the Buying Climax.
Do not buy unless you hit to SOW and confirm support and go in.
For now, short and selling is the main trend until we land in the SOW in phase B around $93.
DCA around the box and confirm with indicators for bottom is in - watch the cup and handle to play out / double bottom / spring pattern
Indicators:
MACD: you can see the we will get a rejection on this indicator.
RSI: would reach around 20.
Stoch RSI: Would go back down
Reversal:
Stoch RSI to come back up, MACD and RSI too.
Do not buy unless you hit to SOW and confirm support and go in.
For now, short and selling is the main trend until we land in the SOW in phase B around $93.
DCA around the box and confirm with indicators for bottom is in - watch the cup and handle to play out / double bottom / spring pattern
Indicators:
MACD: you can see the we will get a rejection on this indicator.
RSI: would reach around 20.
Stoch RSI: Would go back down
Reversal:
Stoch RSI to come back up, MACD and RSI too.
Note
actually we wont get a bounce there since btc will be coming down. We are most likely take at least $38 test for SOW in phase B.
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