🚨 $SOL The trend is clearly down we have lower highs and lower lows..
The bounce you are seeing from $101.69 to $107.95 is not a bullish reversal it is a classic retest of broken support, the pattern forming is a Bear Flag or Descending Triangle which is a bearish continuation pattern.
Resistance at $107.95
Bullish reclaim level is $113.59
Recent low at $101.69
The bounce you are seeing from $101.69 to $107.95 is not a bullish reversal it is a classic retest of broken support, the pattern forming is a Bear Flag or Descending Triangle which is a bearish continuation pattern.
Resistance at $107.95
Bullish reclaim level is $113.59
Recent low at $101.69