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Technical analysis by xaheer about Symbol SOL: Sell recommendation (7/8/2023)

https://sahmeto.com/message/2867115
xaheer
xaheer
Rank: 14802
Sell،Technical،xaheer

SOL seems to be overbought on the daily tf, a head and shoulder pattern has also formed on the 1hr tf to serve as a confluence. If you use the parallel channel tool, sol has reached its peak on the channel. Chances are high that we might see a drop down to $19-$16, as the daily candle seems to be closing with a reversal candle, close the opening which will cause a liquidity sweep of the previous day low.Short positions from $21.82 - $20.77Take profit: $20.360-$16.#NFA #DYOR

Translated from: English
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Signal Type: Sell
Time Frame:
1 hour
Price at Publish Time:
$21.67
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