Login / Join

Technical analysis by KennyTheSensei about Symbol SOL: Sell recommendation (3/6/2025)

https://sahmeto.com/message/3299229
Sell،Technical،KennyTheSensei

TL;DR: This is a textbook Head & Shoulders pattern, but let’s be real—it also resembles something more… anatomical. Regardless of how you see it, the market structure is screaming impending breakdown as we gear up for a possible move toward $125-$130.1️⃣ The Left Shoulder → Initial rally followed by a pullback, setting the first high.2️⃣ The Head → A euphoric breakout attempt, swiftly rejected, forming the highest peak.3️⃣ The Right Shoulder → A weak push upward, failing to reclaim the highs, signaling distribution.💀 Neckline Break = Confirmation: Price is slicing through key levels, rejecting off moving averages, and forming lower highs.📉 Target Zone:Fibonacci extension and previous liquidity pools align around $125-$130, making this the next logical support zone.📊 Additional Confluence:Volume Profile: Decreasing volume on right shoulder = buyers losing steam.EMA Rejection: Price struggling below key moving averages.Liquidity Grab: Stop hunts above the head indicate smart money distribution.🚨 Final Take:If this setup plays out, the move down could be swift. While it may look like a "Dick-n-Balls" to the untrained eye, the market only cares about order flow, liquidity, and psychology—all of which suggest a bearish continuation.Stay sharp, trade smart. 🔥💎

Translated from: English
Show Original Message
Signal Type: Sell
Time Frame:
2 ساعت
Price at Publish Time:
$143.63
Share
Signals
Top Traders
Feed
Alerts