Retracement to 235-216 looks possible.

Solana is losing momentum and looks bearish in the shorter term. It is forming 2 bearish divergences over the span of both short and long periods. I expect it to start forming LH & LL from here. First support is at 236 to 235 level and then next support at 217.
Looks good to short
Enter at 253
TP: 236, 219
SL: 263
Leverage: 7x
Dont risk more than 1% of your portfolio in losses.
Note: My calls are not financial advice. Trade at your own risk.

Follow me for more such market analysis, altcoin signals and more.