$SOL
🚨 SOL/USDT LONG SETUP — BREAKOUT & RETEST
Solana is holding above its major pivot area while maintaining a bullish medium-term structure. The key resistance is $124.62. I’m watching for a confirmed breakout followed by a successful retest.
📌 Entry: $124.80 – $126.00
✅ Confirmation: 4H candle close above $124.62 + successful retest
🛑 Stop Loss: $116.80
🎯 TP1: $132.34
🎯 TP2: $142.16
❌ Invalidation: A 4H candle close back below $116.80 would invalidate the bullish setup.
📊 Technical Reasons: • Price is above the major pivot around $118.25 • RSI(14) is around 62, showing positive momentum without extreme overbought conditions • 7D performance is around +4.7% • 30D performance is around +21.6% • $124.62 is the key breakout level • Fibonacci extension targets align around $132.34 and $142.16
🧠 Fundamental Catalyst: Solana's ecosystem continues to attract institutional/payment infrastructure activity. Fiserv recently launched a digital-asset platform with a Solana-based bank stablecoin use case, while Shinhan Bank completed a Solana stablecoin remittance pilot.
⚠️ Trade only after confirmation. A rejection from $124.62 without a breakout is NOT a long entry. Avoid chasing the price before confirmation.
#SOL #Solana #CryptoTrading #Binance #TradeSetup #Altcoins
🚨 SOL/USDT LONG SETUP — BREAKOUT & RETEST
Solana is holding above its major pivot area while maintaining a bullish medium-term structure. The key resistance is $124.62. I’m watching for a confirmed breakout followed by a successful retest.
📌 Entry: $124.80 – $126.00
✅ Confirmation: 4H candle close above $124.62 + successful retest
🛑 Stop Loss: $116.80
🎯 TP1: $132.34
🎯 TP2: $142.16
❌ Invalidation: A 4H candle close back below $116.80 would invalidate the bullish setup.
📊 Technical Reasons: • Price is above the major pivot around $118.25 • RSI(14) is around 62, showing positive momentum without extreme overbought conditions • 7D performance is around +4.7% • 30D performance is around +21.6% • $124.62 is the key breakout level • Fibonacci extension targets align around $132.34 and $142.16
🧠 Fundamental Catalyst: Solana's ecosystem continues to attract institutional/payment infrastructure activity. Fiserv recently launched a digital-asset platform with a Solana-based bank stablecoin use case, while Shinhan Bank completed a Solana stablecoin remittance pilot.
⚠️ Trade only after confirmation. A rejection from $124.62 without a breakout is NOT a long entry. Avoid chasing the price before confirmation.
#SOL #Solana #CryptoTrading #Binance #TradeSetup #Altcoins