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Can my $SOL short really reach $60? 🤔
With SOL around $121, that would require another ~50% drop. For now, the chart still favors the bulls: the 7-, 20-, 50-, and 200-day MAs remain below price and are trending higher.
$116–117 is the first support zone, with $113 as the next key level. A move to $60 would likely require a major breakdown followed by sustained selling pressure.
For now, the short needs a lot more confirmation. ⚠️
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