Solana peaked March 2024, together with Bitcoin.
One month later, April 2024, a market correction was confirmed. This is confirmed by the fact that support broke, in this case we have a "cap" pattern.
➖ Notice the shooting star, inverted hammer and upper shadows on the candles; all the action has been bearish since the peak session in March.
➖ There is potential for a bearish continuation based on the fact that we have lower volume every session, a weak MACD, lower highs and strictly bearish marketwide action.
My numbers are shared with you for illustration purposes only and should not be construed as financial advice.
Make sure to do your own research.
I am not responsible for your actions.
You are responsible if you win or lose.
This is not financial advice.
__
SHORT SOLUSDT
Leverage: 4X
Buy-in: $165 - $143 | Cp: $145
Targets:
1) $130
2) $115
3) $95
4) $85
5) $78
6) $64
Stop-loss: Close daily above $170
Potential profits: 224%
Capital allocation: 4%
___
Thank you for reading.
Wishing you maximum health, wealth, success, and growth.
👉 You deserve the best!
Namaste.