$SOL
โ ๏ธ Bull Traps Everywhere on SOL Charts ๐ชค๐
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Solana (SOL) is flashing danger signs all over the chart โ ๏ธ๐จ. While the market shows temporary spikes upward, these moves are classic bull traps, luring in buyers only to reverse violently right after ๐ชค๐.
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Each time price attempts to break out, it quickly fails to hold higher levels, trapping breakout traders in losing positions โก๐ฅ. The resistance zones are being defended heavily, and there's little follow-through from buyers after fake pumps ๐๐ข.
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RSI is diverging from price action, hinting at a loss of momentum ๐๐. MACD is weak, lacking a clear bullish signal, and volume remains low during green candles but spikes on red โ a clear sign of exit liquidity being created โ ๏ธ๐.
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Buyers should be extremely cautious. These repeated fake breakouts could lead to a significant dump if sentiment shifts. Every failed attempt only adds more pressure on support levels โ and theyโre getting weaker by the hour ๐งจ๐.
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In conclusion โ ๐ฏ, SOL is full of bull traps right now. Without real volume and strength behind moves, risk of a sharp reversal is high. Donโt chase green โ wait for confirmation โก๐ก๏ธ.