#SOL
I made a typo in the content and wrote 230.4, I corrected it to 234.4. The correct one is 234.4
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#SOLUSDT Doesn't look good
2024.12.03
UTC 19:41
SOL, I shared a content about the cup formation that he started in June 2023 and completed by reaching the ath level 3 years ago, and stated that we should be careful about this issue. It is still in the archive.
The reason I prepared this extra content is that I could not remain insensitive to my followers.
After completing the formation, it entered a correction process and did this by creating a resistance. These are normal situations, but what is not normal is this; I scanned all the 30-minute, 1-hour, 4-hour charts and could not find any active long liquidity belonging to the whale. He removed them all. The closest long liquidity is the 1.55 level I showed you.
Please do not rush to add. Unless he creates a new long liquidity somewhere closer and protects it, we cannot draw a horizontal line and say that the price will turn from here and rise from there. The result will be disappointment. The gray resistance areas formed on daily charts are very dangerous. This newly started correction process may take longer than you expect. It absolutely, absolutely needs to permanently rise above the 234.40 level, otherwise the direction will continue to be down.
I have strayed a little from the details to show the chart fully, I am aware of that.
If the size of the cup is like this, the whale will tell the size of the handle. It has just started.
Very, very careful…
2024.12.03
UTC 19:41
SOL, I shared a content about the cup formation that he started in June 2023 and completed by reaching the ath level 3 years ago, and stated that we should be careful about this issue. It is still in the archive.
The reason I prepared this extra content is that I could not remain insensitive to my followers.
After completing the formation, it entered a correction process and did this by creating a resistance. These are normal situations, but what is not normal is this; I scanned all the 30-minute, 1-hour, 4-hour charts and could not find any active long liquidity belonging to the whale. He removed them all. The closest long liquidity is the 1.55 level I showed you.
Please do not rush to add. Unless he creates a new long liquidity somewhere closer and protects it, we cannot draw a horizontal line and say that the price will turn from here and rise from there. The result will be disappointment. The gray resistance areas formed on daily charts are very dangerous. This newly started correction process may take longer than you expect. It absolutely, absolutely needs to permanently rise above the 234.40 level, otherwise the direction will continue to be down.
I have strayed a little from the details to show the chart fully, I am aware of that.
If the size of the cup is like this, the whale will tell the size of the handle. It has just started.
Very, very careful…
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