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Something feels off about this $SOL price action right now.
Looking at the 1D chart and we are basically sitting on a knife's edge at 83.31. We’ve been ranging between that 76.70 support and the 90 resistance for a while now, but the candles are getting smaller and the volume is drying up. Usually, this kind of silence comes right before a massive move.
If we can’t hold this 81.40 level (today’s low), things might get ugly fast back toward the mid 70s. But if the bulls wake up here, a quick pump to test 89.50 is definitely on the table.
Keeping my hands off the buy button until we see a clear breakout or a deeper flush. What are you guys seeing here? Looks like a trap to me.
#CryptoMarketsDipSlightly