$SOL is getting tighter inside a symmetrical triangle on the 4H chart, and the next breakout could set the tone for the short-term move. 👀
I’m slightly bearish for now, as price is struggling to push higher and the downside looks a bit more vulnerable.
If the lower support of the triangle breaks with strong volume, $70 could be the first key level to watch — and we might even see a move below it.
That said, I’m not calling the breakdown confirmed yet. A triangle can break in either direction, so I’d rather wait for a clear support break before getting aggressive.
For now, $70 remains the key line in the sand. 🎯
Breakdown 👎 or breakout 👍?
#SheinToStartHKIPOBookbuildingAsSoonAsNextWeek #BlackRockCanadaLaunchesBitcoinLinkedETF
I’m slightly bearish for now, as price is struggling to push higher and the downside looks a bit more vulnerable.
If the lower support of the triangle breaks with strong volume, $70 could be the first key level to watch — and we might even see a move below it.
That said, I’m not calling the breakdown confirmed yet. A triangle can break in either direction, so I’d rather wait for a clear support break before getting aggressive.
For now, $70 remains the key line in the sand. 🎯
Breakdown 👎 or breakout 👍?
#SheinToStartHKIPOBookbuildingAsSoonAsNextWeek #BlackRockCanadaLaunchesBitcoinLinkedETF