Technical analysis by SwallowAcademy about Symbol SOL: Sell recommendation (2/9/2024)
https://sahmeto.com/message/955827

SwallowAcademy
Rank: 5313
Analytical Power:
1.7

SOL caught our attention with a potential "Double Top" pattern, which could give us a good entry for a downward movement here. We have displayed here two potential scenarios, where the first would be active only after the breakdown of the neckline zone and the second would be possible only after a clean rejection of that upper liquidity zone. Swallow TeamComment: While markets are feeling pushy, the SOL is not far away from the current top of the pattern (which shows the dominance of sellers right there). If we see further pressure like this from sellers, then we will see the neckline zone being reached sooner than we thought!
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Signal Type: Sell
Time Frame:
4 hoursPrice at Publish Time:
$105.11