Solana is approaching an interesting decision point, and I think the next move could tell us quite a bit about the market's short-term direction.
$SOL previously struggled around $102–$103 before breaking down sharply. That move changed the short-term structure and pushed the price into a lower trading range. Since then, the market has been making lower highs and lower lows. The recent bounce from around $90–$91 is encouraging, but it hasn't yet produced a confirmed bullish structure reversal.
SOL is currently moving inside the $88–$98 region, which makes it a potential scalping and reaction zone. However, being inside support doesn't automatically mean the market has reversed. Therefore, this zone is particularly important.
➡️ My trading plan:
✅Long Setup: Potential demand-zone entry after bullish confirmation
• Entry: $91–$92 after a bullish reaction.
• SL: $87.50.
• TP-1: $96.
• TP-2: $98–$99.
• TP-3: $102–$103.
✅Alternative breakout long
• Entry: After a 4H close above $98–$99 and successful retest.
• SL: Below $96.
• TP-1: $102–$103.
• TP-2: $108–$112.
✅Short Setup: Potential rejection entry after bearish confirmation
• Entry: $94–$96 following a rejection.
• SL: $98.50.
• TP-1: $91–$92.
• TP-2: $88–$89.
• TP-3: $82–$83.
✅Alternative breakdown short
• Entry: 4H close below $88, followed by a failed retest.
• SL: Above $91.
• TP-1: $85.
• TP-2: $82–$83.
A clean breakdown and failed reclaim would offer better confirmation than shorting directly into support.
Solana's fundamentals are developing, but its chart still needs to prove that buyers are ready to take control again. I see potential for both directions, but confirmation matters more than prediction here.
I would rather miss the first part of a move and enter after confirmation than get caught trying to predict a reversal that never happens.
#Solana #SOL #Macro Insights#
$SOL previously struggled around $102–$103 before breaking down sharply. That move changed the short-term structure and pushed the price into a lower trading range. Since then, the market has been making lower highs and lower lows. The recent bounce from around $90–$91 is encouraging, but it hasn't yet produced a confirmed bullish structure reversal.
SOL is currently moving inside the $88–$98 region, which makes it a potential scalping and reaction zone. However, being inside support doesn't automatically mean the market has reversed. Therefore, this zone is particularly important.
➡️ My trading plan:
✅Long Setup: Potential demand-zone entry after bullish confirmation
• Entry: $91–$92 after a bullish reaction.
• SL: $87.50.
• TP-1: $96.
• TP-2: $98–$99.
• TP-3: $102–$103.
✅Alternative breakout long
• Entry: After a 4H close above $98–$99 and successful retest.
• SL: Below $96.
• TP-1: $102–$103.
• TP-2: $108–$112.
✅Short Setup: Potential rejection entry after bearish confirmation
• Entry: $94–$96 following a rejection.
• SL: $98.50.
• TP-1: $91–$92.
• TP-2: $88–$89.
• TP-3: $82–$83.
✅Alternative breakdown short
• Entry: 4H close below $88, followed by a failed retest.
• SL: Above $91.
• TP-1: $85.
• TP-2: $82–$83.
A clean breakdown and failed reclaim would offer better confirmation than shorting directly into support.
Solana's fundamentals are developing, but its chart still needs to prove that buyers are ready to take control again. I see potential for both directions, but confirmation matters more than prediction here.
I would rather miss the first part of a move and enter after confirmation than get caught trying to predict a reversal that never happens.
#Solana #SOL #Macro Insights#
