$SOLV I’m Taking the LONG Here
Honestly, I wasn’t interested in chasing $SOLV after the earlier weakness. What changed my view is the way buyers defended $0.00215–$0.00220 and started pushing price back above $0.00228.
That looks like a reversal attempt to me, with buyers slowly taking control.
MY TRADE PLAN
Coin: SOLV/ USDT
Bias: LONG
Entry: $0.00224 – $0.00229
Stop Loss: $0.00217
TP1: $0.00238
TP2: $0.00250
TP3: $0.00265
Signal: LONG $SOLV
Invalidation: Break below $0.00217
WHY I’M LONG
The key for me is the $0.00215–$0.00220 support zone. Buyers defended it, and consecutive green candles are now pushing price higher.
Reclaiming $0.00228 gives the setup a cleaner bullish structure. If buyers keep control, I’m looking for $0.00238 first, followed by $0.00250 and $0.00265.
I’ve got a clear line in the sand at $0.00217. If that level breaks, I’m out rather than forcing the trade.
My call: LONG $SOLV.
$0.00224–$0.00229 → $0.00238 → $0.00250 → $0.00265
$SOLV #USJulyRetailSalesFall0.6%
Honestly, I wasn’t interested in chasing $SOLV after the earlier weakness. What changed my view is the way buyers defended $0.00215–$0.00220 and started pushing price back above $0.00228.
That looks like a reversal attempt to me, with buyers slowly taking control.
MY TRADE PLAN
Coin: SOLV/ USDT
Bias: LONG
Entry: $0.00224 – $0.00229
Stop Loss: $0.00217
TP1: $0.00238
TP2: $0.00250
TP3: $0.00265
Signal: LONG $SOLV
Invalidation: Break below $0.00217
WHY I’M LONG
The key for me is the $0.00215–$0.00220 support zone. Buyers defended it, and consecutive green candles are now pushing price higher.
Reclaiming $0.00228 gives the setup a cleaner bullish structure. If buyers keep control, I’m looking for $0.00238 first, followed by $0.00250 and $0.00265.
I’ve got a clear line in the sand at $0.00217. If that level breaks, I’m out rather than forcing the trade.
My call: LONG $SOLV.
$0.00224–$0.00229 → $0.00238 → $0.00250 → $0.00265
$SOLV #USJulyRetailSalesFall0.6%