$SOL chart this week looks like a staircase going down.
96 to 90, sat there two days. 90 to 85, sat there again. Then the US open today pushed it through 85 and it tagged 81.3, lowest print in about 70 days.
Every step the same story honestly, a flat shelf, one big red candle, new shelf lower.
For me 85 is the line now. It was the floor since Sunday so if price cant get back over it on the 1h this is just the next shelf forming. Lose 81.3 and round 80 is the only thing left close by.
Get back above 85 and hold it, then the staircase idea is wrong and 88 comes into play.
96 to 90, sat there two days. 90 to 85, sat there again. Then the US open today pushed it through 85 and it tagged 81.3, lowest print in about 70 days.
Every step the same story honestly, a flat shelf, one big red candle, new shelf lower.
For me 85 is the line now. It was the floor since Sunday so if price cant get back over it on the 1h this is just the next shelf forming. Lose 81.3 and round 80 is the only thing left close by.
Get back above 85 and hold it, then the staircase idea is wrong and 88 comes into play.
