$SOL (DAILY): double PIVOT ZONE, KEY TEST

SOL finally in a perfect spot for a POTENTIAL REVERSAL to the upside.

First of all, still a downtrending asset, but it's declined enough to start watching it closely, it just had two BULLISH retests of a nicely confluenced support level of 200 MA + an ASCENDING TRENDLINE. Also near the typical 0.786 fib retracement level ($178).

This last bounce could become a HIGHER LOW, so I'm watching the volumes for a confirmation, nothing bullish yet, but at least the selling has been easing off.

#solana will become BULLISH again above $206 and above $218, I will personally wait for a true market verification during the weekdays, apparently the #ETFs have been approved. This could be a bit of a 'sell-the-news-event'.

Break below that stacked support area with volume would suggest a BEAR MARKET for SOLANA. Just my 2 cents.

💙👽