$SOL is trying to defend the lower side of its 24h range, with price around 72.97 after bouncing from 72.58. The chart is not fully bullish yet because SOL is still below MA7 at 73.34, MA25 at 75.47, and MA99 at 78.21, so I’d treat this as a support bounce long, not a strong breakout trade.
Bias: Long on support hold
Entry zone: 72.60 to 73.10
Stop: below 72.20
TP1: 74.30
TP2: 75.40 to 75.50
TP3: 78.00 to 78.20 if buyers reclaim the bigger MA zone
The key area for me is 72.50 to 72.60. If SOL keeps holding above that zone and breaks back over 73.34, buyers can push for the 24h high near 74.33 first. If it loses 72.20 with strong selling, I’d cancel the long idea because that would show the support bounce is failing.
Bias: Long on support hold
Entry zone: 72.60 to 73.10
Stop: below 72.20
TP1: 74.30
TP2: 75.40 to 75.50
TP3: 78.00 to 78.20 if buyers reclaim the bigger MA zone
The key area for me is 72.50 to 72.60. If SOL keeps holding above that zone and breaks back over 73.34, buyers can push for the 24h high near 74.33 first. If it loses 72.20 with strong selling, I’d cancel the long idea because that would show the support bounce is failing.