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It's beautiful, but it's time to reach better places right now.
SOL spiked to 236 but quickly deflated, now hovering at the previous rebound high. The resistance here is acting like a solid wall, firmly suppressing longs that are clearly losing steam.
📉 Warning Signs:
Short-term capital outflows are obvious.
Volume has increased, but price failed to break resistance → classic volume-price divergence, a textbook bearish signal!
⚠️ The biggest uncertainty: SOL Spot ETF approval.
The market remains divided on its timing. If expectations collapse, a wave of emotional sell-offs could erupt instantly.
📊 My Strategy:
Entry Zone: 232 – 236
Targets:
🎯 First: 215
🎯 Second: 190
🎯 Long-term: 175
Stay sharp — the risk of reversal is higher than it looks! 🚨
#SOL #CryptoAnalysis #EtfsSuffer$800MInOutflows,WorstWeekSince