$SOL D1 Potential Bearish Cypher Formation

• Possible bearish cypher harmonic pattern formation with D-leg completion on 79% Fib level touch plus a rejection from its 75% key resistance trendline.

• Market trading above bullish NT with a recent EMA GX.

• May retest VAH once again and a break together with its 62% key resistance trendline could mark the completion of the pattern.

• TFO in overbought status which is a precaution for a potential correction in the lower frames.

Key break points to WOF:

• $175.900

• $176.480

• $177.922