$SOL 4H Candle Breakdown: Bearish Continuation? 📉
Solana ($93.87, -2.23% 24h, -7.43% 7d) printed consecutive heavy red candles on the 4H chart, closing near session lows with minimal lower wicks. Sellers firmly rejected the $95.50 shelf.
Key levels:
• Resistance: $96.30 / $100.00
• Support: $92.34 / $90.00
With RSI dipping toward oversold at 32, a short relief bounce toward $95 is possible, but unless bulls reclaim $96.30, the path of least resistance points toward the $92.34 low.
Are you buying this dip or waiting for $90? 👇
#Solana #Crypto #Trading
Solana ($93.87, -2.23% 24h, -7.43% 7d) printed consecutive heavy red candles on the 4H chart, closing near session lows with minimal lower wicks. Sellers firmly rejected the $95.50 shelf.
Key levels:
• Resistance: $96.30 / $100.00
• Support: $92.34 / $90.00
With RSI dipping toward oversold at 32, a short relief bounce toward $95 is possible, but unless bulls reclaim $96.30, the path of least resistance points toward the $92.34 low.
Are you buying this dip or waiting for $90? 👇
#Solana #Crypto #Trading
