$SOL is around 73.16, slightly green in 24h, but the chart is still not giving a clean bullish breakout yet. Price bounced from the 70.58 low, but it is still trading under the MA7 near 73.45, MA25 near 75.66, and MA99 near 78.34.
Bias: Short on bounce
Entry zone: 73.50 to 75.60
Stop: above 76.80
TP1: 71.90
TP2: 70.60
TP3: 68.50 to 66.50 if selling pressure returns
The key area is 75.60 to 76.80. If SOL bounces into that zone and rejects, sellers still have control. If it reclaims 76.80 with strong volume, I’d cancel the short idea because that would show the bounce is turning stronger.
Bias: Short on bounce
Entry zone: 73.50 to 75.60
Stop: above 76.80
TP1: 71.90
TP2: 70.60
TP3: 68.50 to 66.50 if selling pressure returns
The key area is 75.60 to 76.80. If SOL bounces into that zone and rejects, sellers still have control. If it reclaims 76.80 with strong volume, I’d cancel the short idea because that would show the bounce is turning stronger.