Swept liquidity above $400 again, then continued its flush. Nasty candle.
Now sitting at $385 testing local support zone which has held multiple times since the lows. Lose it and price likely sweeps down toward $360 to clean out longs.
Trend bearish across all timeframes + momentum fading + low volume = not much conviction from buyers above $400 at this stage.
Needs to hold and bounce to keep the higher low structure intact. Otherwise the corrective wave continues and those lows are back in play.
Markets choose paths. Traders who survive are the ones prepared for more than one.
This macro, symmetrical triangle is the other possibility from a price action standpoint. It resolves lower in the short term, although like a descending triangle, both macro patterns are bullish overall, with upside possibility, after price action plays out within them.
$SOL 90D Futures Taker CVD just flipped green & is expanding. That’s a coiled spring signal.
Buyers hitting ask with conviction after months of sell dominance. Add ETF inflows + smart money front-running, and SOL looks primed. $144 resistance, $190–200 next.