$SOL Head and shoulder and channel pattern.

2023年7月8日

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 - $20.77
Take profit: $20.360-$16.

#NFA #DYOR