After SOLANA skyrocket her price in the last days, unfortunately it faced a huge drop after the bullish market and it will keep going down,
- As we see in the chart we are noticing a rejection candle at the 128 MA and supported by the 50 MA but not for too long because the price is so far from the 200MA and as the behaviour shown of SOLANA market it will stay below it for a while
-We noticed the price motion crosses up the trend line and make it the new support level and keep going in a down trend
POV: u can enter a short position as what suggested and set TP above the 135USDT level (not a financial advice)*
- As we see in the chart we are noticing a rejection candle at the 128 MA and supported by the 50 MA but not for too long because the price is so far from the 200MA and as the behaviour shown of SOLANA market it will stay below it for a while
-We noticed the price motion crosses up the trend line and make it the new support level and keep going in a down trend
POV: u can enter a short position as what suggested and set TP above the 135USDT level (not a financial advice)*