$SOL — 1H 👀
SOL just bounced from $112.52 back to $117.39… but is this the setup for another test of $120?
The chart is looking much cleaner after that sharp flush. SOL reclaimed the $113.47 Supertrend and is now holding around $117.4, with buyers pushing back into the previous resistance zone.
Key levels:
🔴 Resistance: $117.79 → $119.77 → $120.14
🟢 Support: $116.0 → $113.47 → $112.52
Cleaner setup:
Entry: $115.5–$116.5 on a clean retest
SL: $113.20
TP1: $119.77
TP2: $122
TP3: $125
I wouldn’t chase the current candle. A clean 1H close above $119.77–$120 would make the continuation setup much cleaner.
The order book is almost balanced at 48.20% bids vs 51.80% asks, while recent market data also shows SOL recovering from the $112.52 area toward $117.
Bias: bullish while $113.47 holds.
#Write2Earn #solana
SOL just bounced from $112.52 back to $117.39… but is this the setup for another test of $120?
The chart is looking much cleaner after that sharp flush. SOL reclaimed the $113.47 Supertrend and is now holding around $117.4, with buyers pushing back into the previous resistance zone.
Key levels:
🔴 Resistance: $117.79 → $119.77 → $120.14
🟢 Support: $116.0 → $113.47 → $112.52
Cleaner setup:
Entry: $115.5–$116.5 on a clean retest
SL: $113.20
TP1: $119.77
TP2: $122
TP3: $125
I wouldn’t chase the current candle. A clean 1H close above $119.77–$120 would make the continuation setup much cleaner.
The order book is almost balanced at 48.20% bids vs 51.80% asks, while recent market data also shows SOL recovering from the $112.52 area toward $117.
Bias: bullish while $113.47 holds.
#Write2Earn #solana
