$SOL — LONG setup is forming
SOL is trading around $105.07 on Binance Futures, and the 15m structure is still holding higher levels after the move from the $103 area.
I don't want to chase here because $105.70–$105.82 is the immediate resistance zone.
LONG ENTRY: $104.80 – $105.10
TP1: $105.70
TP2: $106.30
TP3: $107.00
SL: $104.40
The idea is simple: I want buyers to defend the $104.80–$105.10 area and push through $105.82 with volume. A clean breakout above $105.82 can open the way toward $106.30 and $107.00.
If SOL loses $104.40, this long setup is invalid and I would stay out rather than forcing the trade.
Risk management first. Don't chase the breakout.
$SOL
SOL is trading around $105.07 on Binance Futures, and the 15m structure is still holding higher levels after the move from the $103 area.
I don't want to chase here because $105.70–$105.82 is the immediate resistance zone.
LONG ENTRY: $104.80 – $105.10
TP1: $105.70
TP2: $106.30
TP3: $107.00
SL: $104.40
The idea is simple: I want buyers to defend the $104.80–$105.10 area and push through $105.82 with volume. A clean breakout above $105.82 can open the way toward $106.30 and $107.00.
If SOL loses $104.40, this long setup is invalid and I would stay out rather than forcing the trade.
Risk management first. Don't chase the breakout.
$SOL