SOL / TetherUSShort
SOLUSDT, SHORT
Updated
SOLUSDT is more bullish than BTC, but it still follows the overall bearish downtrend. In other words, BTC only has a steeper decline.
Both BTC and SOL are forming a descending triangle, with bears hitting them harder with a downtrend and bulls only being able to stand off at a heavily loaded horizontal resistance line(red/black box).
The short zone(blue box) is where the downtrend and the smaller uptrend meet.
When the bears win, both SOL and BTC will plummet hard, though I predict an overall turn to an uptrend. So S/L should be maintained carefully as the price falls, as it may rise again to the point of short zone.
I'm a noob so please don't take this seriously.
Both BTC and SOL are forming a descending triangle, with bears hitting them harder with a downtrend and bulls only being able to stand off at a heavily loaded horizontal resistance line(red/black box).
The short zone(blue box) is where the downtrend and the smaller uptrend meet.
When the bears win, both SOL and BTC will plummet hard, though I predict an overall turn to an uptrend. So S/L should be maintained carefully as the price falls, as it may rise again to the point of short zone.
I'm a noob so please don't take this seriously.
Note
Short-term Long at 138.98 to maybe 141.98
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.