FieryTrading

ðŸ”Ĩ SOL Bear Flag: Preparing For The Next DUMP ðŸšĻ

āļĨāļ”āļĨāļ‡
BINANCE:SOLUSDT   SOL / TetherUS
With the market seeing a lot of weakness lately, I'm starting to look at more bearish trading opportunities. In recent analyses I've stated multiple times that my expectation for the remainder of 2023 is bearish. With BTC falling, it's likely that alts will follow.

In this analysis I'm looking at SOL's rising wedge formation that also functions as a potential bear flag pattern. In case we break out bearish, a major bullish support has been broken and more selling is to be expected.

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