$SOL is sitting right on its downtrend line while a whale gets ready to sell. Something has to give đ
The on-chain news: three wallets that may belong to one holder moved 482K Solana tokens (about 49 million dollars) over three days. About 171K have already landed on exchanges.
The 4H chart:
âą Lower highs since Oct 21: 109.2 â 105.2 â 102.8
âą Price 101.3 is now touching that falling trendline
âą Lid: 102.7 to 102.8, where the EMA 50 sits
âą Floor: 98.6 to 99.2
âą RSI 47
The plan:
đą A 4H close above 102.8 breaks the downtrend and opens 105.2
đŽ If the whale sells into the floor, a loss of 98.6 opens the mid-90s
The whale is the wild card. If the remaining tokens hit exchanges and price still holds 99, that's a strong sign buyers are absorbing it.
Breakout or breakdown for $SOL ? đ
NFA
#Solana #WhaleAlert #TechnicalAnalysis
No Binance account yet? Get 20% of your trading fees back đ Sign up on Binance
The on-chain news: three wallets that may belong to one holder moved 482K Solana tokens (about 49 million dollars) over three days. About 171K have already landed on exchanges.
The 4H chart:
âą Lower highs since Oct 21: 109.2 â 105.2 â 102.8
âą Price 101.3 is now touching that falling trendline
âą Lid: 102.7 to 102.8, where the EMA 50 sits
âą Floor: 98.6 to 99.2
âą RSI 47
The plan:
đą A 4H close above 102.8 breaks the downtrend and opens 105.2
đŽ If the whale sells into the floor, a loss of 98.6 opens the mid-90s
The whale is the wild card. If the remaining tokens hit exchanges and price still holds 99, that's a strong sign buyers are absorbing it.
Breakout or breakdown for $SOL ? đ
NFA
#Solana #WhaleAlert #TechnicalAnalysis
No Binance account yet? Get 20% of your trading fees back đ Sign up on Binance
