$SOL Guys, the good news is that it has not yet completed a breakthrough on MBS, successfully reclaiming this position of 146
But the bad news is that it might form a bearish reversal structure of a head and shoulders
One strong piece of evidence is that the volume-price relationship has diverged, you know, this is a bad signal for bulls, especially since trading volume is almost the only non-lagging indicator
Of course, if it really forms a bullish structure of a head and shoulders, then it may test the demand zone below.
This would bring us to the secondary entry position I expect, and without a doubt, this would be a very good entry signal for me.
If you want to receive our entry strategy sharing, feel free to join us