Yello, Paradisers! Is SOLUSDT setting up for a major drop? The technicals are flashing warning signs, and you need to pay attention.
💎SOLUSDT has broken down rising wedge, showing a loss of bullish momentum. On top of that, a bearish divergence is appearing, and the price is currently testing key resistance at the 200 EMA—a combination that significantly increases the probability of a bearish move.
💎If SOLUSDT retests the resistance zone and the 200 EMA again, a double top formation could play out. But before jumping in, waiting for bearish confirmation is the smart move.
💎If price breaks above and closes a candle above the resistance, it will invalidate the bearish thesis. In that case, patience is key—waiting for clearer price action will be the best approach.
🎖Trading isn’t about guessing—it’s about waiting for high-probability setups and executing with discipline. Stay sharp, Paradisers, and remember: the market rewards patience, not impulsive moves.
MyCryptoParadise
iFeel the success 🌴
💎SOLUSDT has broken down rising wedge, showing a loss of bullish momentum. On top of that, a bearish divergence is appearing, and the price is currently testing key resistance at the 200 EMA—a combination that significantly increases the probability of a bearish move.
💎If SOLUSDT retests the resistance zone and the 200 EMA again, a double top formation could play out. But before jumping in, waiting for bearish confirmation is the smart move.
💎If price breaks above and closes a candle above the resistance, it will invalidate the bearish thesis. In that case, patience is key—waiting for clearer price action will be the best approach.
🎖Trading isn’t about guessing—it’s about waiting for high-probability setups and executing with discipline. Stay sharp, Paradisers, and remember: the market rewards patience, not impulsive moves.
MyCryptoParadise
iFeel the success 🌴
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Disclaimer
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Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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.