🔥Don't Try To Catch A Falling Knife With
$SOL ! This Chart Screams DANGER
$SOL 's monthly chart confirms a devastating Double Top reversal pattern and a decisive break of the main uptrend support, targeting the low $20s. Immense risk ahead.
This is a public service announcement: Please be extremely cautious with
$SOL . The monthly chart is screaming danger, suggesting a potential multi-month capitulation phase.
### Negative Analysis: Bearish Reversal Confirmed
The price action clearly formed a Double Top reversal pattern near the $260 resistance level. Following this classic bearish formation, the critical long-term Uptrend Support Zone (Trendline) has been decisively broken.
This structural damage signals that the bulls have lost control and confirms a major trend reversal. The implied technical target following this significant breakdown is alarmingly low, projecting a potential revisit to the prior consolidation area near $25.00.
### Warning/Conclusion
Entering a position based on perceived "cheap prices" now is incredibly risky. The momentum is heavily bearish, and there is minimal proven support between the current price ($137.77) and the low double digits. I strongly advise staying on the sidelines and practicing extreme risk management if you are still holding
$SOL . Don't mistake a continuing dump for a dip.
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