$SOL is showing a small but interesting shift: buyers are trying to reclaim the $76 area after recent weakness.
SOL is around $76.01, up roughly 1.36% on the day in the latest market update I found. Short-term momentum is improving, but the bigger structure is still mixed, so I don't want to chase the first green candle.
1H Market Structure
The important zone for me is around $76.20–$76.50. Recent technical analysis has identified the $76 area as a key pivot, while the $79.50–$80 region remains the bigger upside hurdle.
The Key Observation
What I like is the attempt to reclaim the short-term EMA/support cluster.
What I don't like is that SOL is still below the broader $79.50–$80 resistance area. A weak breakout here could easily turn into another rejection.
Volume Check
SOL has seen renewed activity during the rebound, but I would still want expanding volume on the reclaim before treating it as a strong continuation move.
My Plan
I prefer a conditional pullback/reclaim LONG rather than buying blindly at market.
TRADE SETUP
Bias: LONG
Strategy: Reclaim + Retest LONG
Entry: $76.20 – $76.45
Confirmation: 15M/1H close above $76.30, followed by a successful retest with buying volume
TP1: $77.08
TP2: $78.00
TP3: $79.50
SL: $75.55
R:R: approximately 4.1R to TP3
Invalidation
A sustained move back below $75.55 would weaken the reclaim thesis and cancel this long setup.
I like the upside structure, but I won't chase a sudden pump. Let SOL prove that $76 can actually become support first.
Final Market View
Short-term buyers have something to work with, but confirmation matters. If the reclaim fails, staying out is better than forcing the trade.
Would you wait for the $76 retest or enter on the initial breakout?
