Pepe Weekly Turns Bearish From Bullish
This is a continuation of the Solana (SOLUSDT) analysis, notice the active weekly session/candle... It started green, it moved up and it is still green but, notice how it is now showing a long upper shadow/wick and we are entering the weekend.
So the first part of the week starts green, people become excited and see growth; the week continues to develop and there is a reversal and things turn sour; a bull-trap?
Notice the green candles in February and March 2024 (big green arrow). This can happen in reverse. The same action can be reversed. There won't be much support because the growth happened really fast.
If there is a drop, it will be a major drop.
Thank you for reading.
Namaste.
So the first part of the week starts green, people become excited and see growth; the week continues to develop and there is a reversal and things turn sour; a bull-trap?
Notice the green candles in February and March 2024 (big green arrow). This can happen in reverse. The same action can be reversed. There won't be much support because the growth happened really fast.
If there is a drop, it will be a major drop.
Thank you for reading.
Namaste.
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