[Ansem: Shorting SOL, Earning About Half of Profit in Trading Insight Rewards] Trader Ansem shorted SOL on Pump, earning about half of the trade's profit in trading insight rewards, including approximately $36,000 in callout rewards.
Ansem cited a bearish engulfing pattern on the monthly chart, a break in the daily and weekly trends, and a bearish retracement in Nasdaq futures as the basis for his bearish view on mainstream crypto assets. He believes the rally was a short squeeze to a key resistance level and is watching whether the daily chart can recover Monday's range and fall below $96.