SOL: Clean Fakeout & Two Bearish Scenarios Ahead

Hello guys!

Price just created a textbook fakeout above the resistance zone, grabbing liquidity and quickly dropping back into the range!

Here’s what the chart is showing:

Price is still inside the ascending channel, but the breakout attempt failed

The MPL (maximum pain level) around $162.30 is the key downside target

Two possible paths:

• S1: Direct drop from here toward the MPL
  
• S2: Another move up to retest the highs or form a lower high before the deeper drop
  

I think the S2 is more probable!