$SOL
$sol formed a double top pattern in the 4h time frame , Which is not completed yet as well as not confirmed . Lets straight into chart -
A double top is a bearish technical reversal pattern signaling a potential trend change (Don't forget we are in the bull run , sometimes come little corrections ) after an asset hits a resistance level twice without breaking through, indicating a potential shift from an uptrend to a downtrend ( May be some corrections here). This pattern, often a clue for traders to open a short or sell positions,
IS confirmed when the price drops below the support level.
KEY NOTE-
1. Wait for breakout .
2. Wait for confirmation .
3. Don't take any action until the break the support .
4. Do Your Own Research before diving , #NFA
TRADE SET UP-
SHORT- $232
STOP LOSS- $243
TAKE PROFIT -$215
Don't forget to Follow - Next soon....