🚨 $SOL UNDER PRESSURE — IS IT TIME TO RETHINK POSITION SIZE?
Solana’s perp DEX landscape just got another warning sign: Flash Trade is reportedly shutting down unless a buyer steps in.
That doesn’t mean the Solana ecosystem is in trouble — Flash Trade is only one protocol built on Solana’s perp infrastructure. But with market sentiment already soft, it’s definitely not the headline $SOL bulls wanted.
📉 Current setup:
• SOL: $74.89
• RSI: 50.9
• Support: $74.10 → $73.44
• Trading below the 200 EMA
• Death cross remains a bearish technical signal
• Previous $ATH : ~$293
• ATH recovery from here: roughly 3.9×
For me, below $80 remains a zone to watch rather than chase.
🎯 Deeper levels I’m watching:
$70 → $60
If the chart continues to weaken, I’d rather scale in patiently than go all-in trying to catch the bottom.
The big question:
Does this change how you’re sizing your SOL position? 👀
#SOL #Solana #Crypto #DeFi #Trading
Solana’s perp DEX landscape just got another warning sign: Flash Trade is reportedly shutting down unless a buyer steps in.
That doesn’t mean the Solana ecosystem is in trouble — Flash Trade is only one protocol built on Solana’s perp infrastructure. But with market sentiment already soft, it’s definitely not the headline $SOL bulls wanted.
📉 Current setup:
• SOL: $74.89
• RSI: 50.9
• Support: $74.10 → $73.44
• Trading below the 200 EMA
• Death cross remains a bearish technical signal
• Previous $ATH : ~$293
• ATH recovery from here: roughly 3.9×
For me, below $80 remains a zone to watch rather than chase.
🎯 Deeper levels I’m watching:
$70 → $60
If the chart continues to weaken, I’d rather scale in patiently than go all-in trying to catch the bottom.
The big question:
Does this change how you’re sizing your SOL position? 👀
#SOL #Solana #Crypto #DeFi #Trading