Helical_Trades

SOL/USDT : Breaking below the descending channel!

Short
BINANCE:SOLUSDT   SOL / TetherUS
SOLUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!

$SOL has broken below the descending channel on the current daily candle.
So the major movement is expected to be bearish, But there's a formed bullish order-block at the current price level.
That's why we'll need to break below the order-block to confirm both bearish break below the channel and bearish movement as the majority.
- Also, We'll have the opportunity to locate our Short into a proper retest of the broken order-block at $34.00 and aim for May's Low at $20.00!

In other terms, If we get the support for the current order-block, Then it'll activate the pullback scenario towards $58, So it'll come with Possible Long positions, But it's not our main scenario yet!

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Attention: this isn't financial advice we are just trying to help people with their vision.

Have a good day!
@Helical_Trades

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