Solana July Outlook

Solana looking interesting at these levels. Keeping up with the current crypto carnage and it's been holding up well as of late, but looks like it wants to roll over soon.

It was showing some good volume over the last two days, but looks to be forming the right shoulder of an h&s (pink/purple zone) → This could follow either the green or the blue drawings. It could bounce off the diagonal, but I doubt it would be able to sustain any rally considering the market conditions (red drawing). Crypto is tied at the hip to equities, and with earnings season around the corner, I'd tread carefully. We're probably in for some wild times.