$SOL

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1. Resistance Rejection:

The chart shows multiple "Sell" signals near the $135–138 resistance zone.

Price failed to break above that zone despite several attempts, indicating strong selling pressure.

That behavior usually suggests a possible reversal or pullback.

2. Lower High Formation:

After the initial sell signals, price made sideways and slightly lower highs.

This is a classic signal of bullish exhaustion and gives bears control.

3. Volume Weakening:

The volume bars were gradually decreasing, suggesting weak buying momentum.

A drop in volume near resistance often precedes a price drop.

4. Support Zones:

The dummy candles break below the $126 support, heading toward the $120–115 zone.

A break of these supports implies further downside toward psychological levels like $100.

5. Bearish Continuation Pattern:

After consolidating below resistance, the price action formed what looks like a descending triangle (lower highs with flat support), which typically breaks down.