$SOL is getting squeezed inside a symmetrical triangle on the 4H chart, and the next breakout could decide the short-term direction. 👀
Right now, I'm leaning slightly bearish because price is struggling to push higher and the downside structure looks more vulnerable.
If the lower support of the triangle breaks with volume, $70 could be the first major level to watch, and price could even trade below it.
But I'm not treating the breakdown as confirmed yet. A triangle can break either way, so I want to see an actual support break before getting too aggressive.
For now, $70 is the line in the sand for me.
Breakdown 👎 or breakout 👍?
#SOL #Solana #Crypto #DYOR
Right now, I'm leaning slightly bearish because price is struggling to push higher and the downside structure looks more vulnerable.
If the lower support of the triangle breaks with volume, $70 could be the first major level to watch, and price could even trade below it.
But I'm not treating the breakdown as confirmed yet. A triangle can break either way, so I want to see an actual support break before getting too aggressive.
For now, $70 is the line in the sand for me.
Breakdown 👎 or breakout 👍?
#SOL #Solana #Crypto #DYOR