SOLANA - On the VERGE of CRITICAL Territory
2024-09-04

It has been trading lower and lower and is now approaching the most important level in this region: $122.

It's hard to predict what will happen once it reaches that level. Both bulls and bears have a strong case to try and take control of that area.

As for me, I will remain neutral in this area unless:

There is a clear retest of $122 followed by a reclaim of the EQLs at $134.
There is a deviation below $122 with a strong reclaim.
Alternatively:

I might consider taking a significant short position below $122.
This level is crucial for bulls if the price is to continue moving higher. September is becoming increasingly interesting.

