Technical analysis by cryptokebab about Symbol SOL: Sell recommendation (7/30/2024)

Yes, the market structure isn't really broken and it hasn't lost any major supportYes, it can go higher, a lot higher,and yes it's been one of the best performers of this cycle.Which makes it rather risky to short it. But it doesn't change the fact that it:- Failed to beat critical levels- By being one of the best performers, retail is loving it.- Everyone is too comfy in longs.The level i had for SOL back in last year happened to be the exact bottom, so I'm being cautious here.If only someone has warned you. Oh wait...