Solana's Bull Party Ends: Trendline Smashed, Fib Eyed

💡 DMK Insight

Bearish momentum is on the rise, and here’s why that matters right now: Traders need to pay attention to this shift as it could signal a broader market correction. Key indicators showing increasing bearish momentum often lead to heightened volatility, which can create both risks and opportunities. If you’re holding long positions, it might be time to reassess your strategy, especially if the market breaks below critical support levels. Look for signs of capitulation or increased selling pressure, which could indicate a more sustained downturn. On the flip side, this bearish trend might also present buying opportunities for savvy traders looking to capitalize on oversold conditions. If the market does dip significantly, keep an eye on potential reversal patterns or bullish divergences that could signal a bounce back. Watch for key levels to hold or break, as these will dictate your next moves. The next few days could be pivotal, so stay alert for any shifts in sentiment or market structure.