Solana
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Norms of a butterfly reversal

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SOL has a big pending butterfly reversal. Here's the typical things we see if and when there is a butterfly reversal.

The first drop is usually consistent until it takes out the low of C. This is a breaking of the uptrend but it will usually setup a bull trap.

There will be a parabolic bounce. Some chop. Second parabolic and then reversals typically come around a 76 retracement of the drop.

If a follow through leg comes off this, it's typically very strong.

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