#SolanaUSTD
On the monthly chart, we have a bearish change of character indicating long term bearish sentiment. As price pushed higher, imbalances were created below.
The current price rally in the weekly charts was to clear the previous imbalance formed when bearish change of character was formed back in 2022.
When we move to the daily charts, price is confirming our weekly bias. Presently, we have a clear break indicating bearish presence. Our bias is shorting Solana at 246 price levels as the market seeks to clear pending imbalance.
