💰 SOL continues to form a negative picture
Price continues correction on 1 day timeframe. Let's take a look at what has changed 🔎
Price declined from resistance at ~$186 to support levels that are mirror levels. There was a breakdown of the mirror levels of ~$159 and ~$170 📉 As a result, key support levels ~$125 and ~$133 were reached, which form something like a support zone.
Now the support levels are being tested, going under which may mean the formation of a double top pattern. This is a strong bearish reversal pattern 🐻. However, it is strongly obvious here. It may represent a trap for bears.
So far, there are no direct indications of a move. But we should be clear that the key now is a breakout or bounce from ~$125. If it is broken, things will be bad. Otherwise, the price will start to rise and return to resistance levels near the local highs 📈
