$SOL — Resistance Retest Loading 🩸
Bias: Bearish
Preferred Entry: M15 retracement to VWAP (94.39) or EMA8 (94.15)
Trigger: M15 bearish rejection / lower high
Targets: 93.66 / 93.00
Invalidation: M15 close above 94.39 (VWAP)
Why:
H4 price is below VWAP (94.19) and EMA8 (94.22), keeping macro structure bearish.
M15 is consolidating near the low; a retest of VWAP as resistance is likely.
A rejection at dynamic resistance would confirm sellers in control.
Confirmation:
Wait for a bearish M15 candle close near VWAP/EMA8.
Not financial advice. DYOR and manage your risk.
Rejection or reclaim? 👇
#Write2Earn #sol #TechnicalAnalysis
#solanagovernancevotetodoubledeflationrate
Bias: Bearish
Preferred Entry: M15 retracement to VWAP (94.39) or EMA8 (94.15)
Trigger: M15 bearish rejection / lower high
Targets: 93.66 / 93.00
Invalidation: M15 close above 94.39 (VWAP)
Why:
H4 price is below VWAP (94.19) and EMA8 (94.22), keeping macro structure bearish.
M15 is consolidating near the low; a retest of VWAP as resistance is likely.
A rejection at dynamic resistance would confirm sellers in control.
Confirmation:
Wait for a bearish M15 candle close near VWAP/EMA8.
Not financial advice. DYOR and manage your risk.
Rejection or reclaim? 👇
#Write2Earn #sol #TechnicalAnalysis
#solanagovernancevotetodoubledeflationrate
