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