$SOL just clawed $90 back — and I don't trust it yet.
Friday it slipped to $89.65, a two-month low, as SOL ETFs bled $25.08M (SoSoValue, Nov 6) — $114.2M out since Oct 19. Futures open interest fell 8% to $5.38B — desks stepping back, not dip-buying.
Why look long at all? $88.35 held again, and the 14-day RSI is 31.1, near oversold (CleaRank, Nov 7). A $90 reclaim here is worth a small try.
Bias: LONG · Leaning. Entry $89.65–$90.10, TP1 $91.62, TP2 $92.34, TP3 $96.97. Half out at TP1, quarter each after, stop to entry once TP1 prints. Stop: daily close below $88.35.
If $90.73 caps it again, the reclaim fails and I'm wrong — flat. If $91.62 breaks, the squeeze has legs.
Buy the $90 reclaim, or wait for $88.35 to break while $BTC stays pinned under $76,378?
$SOL $90.73 decides it.
Not financial advice. DYOR.
#SOL #Solana #CryptoTrading
Friday it slipped to $89.65, a two-month low, as SOL ETFs bled $25.08M (SoSoValue, Nov 6) — $114.2M out since Oct 19. Futures open interest fell 8% to $5.38B — desks stepping back, not dip-buying.
Why look long at all? $88.35 held again, and the 14-day RSI is 31.1, near oversold (CleaRank, Nov 7). A $90 reclaim here is worth a small try.
Bias: LONG · Leaning. Entry $89.65–$90.10, TP1 $91.62, TP2 $92.34, TP3 $96.97. Half out at TP1, quarter each after, stop to entry once TP1 prints. Stop: daily close below $88.35.
If $90.73 caps it again, the reclaim fails and I'm wrong — flat. If $91.62 breaks, the squeeze has legs.
Buy the $90 reclaim, or wait for $88.35 to break while $BTC stays pinned under $76,378?
$SOL $90.73 decides it.
Not financial advice. DYOR.
#SOL #Solana #CryptoTrading
