
This is a public service announcement: Please be extremely cautious with $SOL. The chart is screaming danger and capitulation. We are witnessing textbook bearish reversal signals that cannot be ignored.
Massive Double Top Confirmed: The chart clearly identifies a massive Double Top formation near the $260 resistance level, a classic sign of trend exhaustion and reversal.
Critical Support Failure: More critically, the price has Decisively Broken the Primary Uptrend Line (the green 'Support Zone'). This violation signifies a massive shift in market structure from bullish to bearish. We are now attempting to hold minor support around $91, but if this level fails, the path below is clear.
Technical Projection to $25: The technical measured move from the Double Top pattern projects a potential downside target of $25.00. This implies tremendous downside risk from current levels.
Entering a position here is incredibly risky. The momentum is fiercely against the bulls, and there is virtually no strong demand until much lower levels. I strongly advise staying on the sidelines. Don't let cheap prices fool you; capital preservation is key.
Are you holding any coins with similar ugly charts? Share in the comments so we can all be aware!
#SOL #CryptoWarning #Shitcoin #dump #RiskManagement #BinanceSquare