Have you noticed how retail traders keep rushing to short every single bounce while the underlying momentum quietly tells a completely different story?
Most traders end up giving back their profits simply because they jump into breakout trades before key resistance zones are actually cleared, only to get trapped on the immediate retest.
Looking at the current structure, $SOL holding firm above the $120 mark after tagging $121.19 shows buyers are still defending this ascending channel with conviction. With the RSI sitting steadily around 63 and capital inflow remaining positive, the market is quietly building strength rather than exhausting itself.
The real test lies in how price interacts with the $123 to $125 overhead supply. If buyers manage a clean breakout through that cluster, a swift continuation toward $130 becomes the path of least resistance, provided overall $BTC sentiment does not drag the market down. Until then, treating $120 as invalidation offers a much cleaner risk-reward setup than guessing the top.
Where do you think price goes once this consolidation resolves?
#Solana #CryptoAnalysis #TradingStrategy
Most traders end up giving back their profits simply because they jump into breakout trades before key resistance zones are actually cleared, only to get trapped on the immediate retest.
Looking at the current structure, $SOL holding firm above the $120 mark after tagging $121.19 shows buyers are still defending this ascending channel with conviction. With the RSI sitting steadily around 63 and capital inflow remaining positive, the market is quietly building strength rather than exhausting itself.
The real test lies in how price interacts with the $123 to $125 overhead supply. If buyers manage a clean breakout through that cluster, a swift continuation toward $130 becomes the path of least resistance, provided overall $BTC sentiment does not drag the market down. Until then, treating $120 as invalidation offers a much cleaner risk-reward setup than guessing the top.
Where do you think price goes once this consolidation resolves?
#Solana #CryptoAnalysis #TradingStrategy
