🔥 SOL/USDT | 1H
Price: 121.18 (+2.66%)
Bias: Bullish, but cooling off after the spike
━━━━━━━━━━━━━━━
👀 WHAT I SEE
→ Broke above the red Supertrend line and ran to 123.76 on a big volume spike
→ Now pulling back, price is sitting right on MA7 (121.31)
→ SAR (119.53) and Supertrend (118.77) have both flipped bullish
→ MA25, MA99 and Supertrend are all stacked around 118.8 – 118.9, that's a strong cushion
→ Order book is almost 70% sell side, so sellers are active near the top
━━━━━━━━━━━━━━━
📍 LEVELS
Support: 120.00 / 119.50 / 118.80
Resistance: 122.50 / 123.76 / 125.00
━━━━━━━━━━━━━━━
🎯 TRADE PLAN (LONG)
Entry: 120.00 – 120.80
SL: 118.50
TP1: 122.50
TP2: 123.70
TP3: 125.50
Breakout option: only after a 1H close above 123.80
━━━━━━━━━━━━━━━
⚠️ INVALIDATION
1H close below 118.50 and the setup is done
━━━━━━━━━━━━━━━
🧠 BIGGER PICTURE
+48% in 90 days but -44% over 1 year, so this is still a recovery bounce. Keep size small.
NFA. DYOR. $SOL
Price: 121.18 (+2.66%)
Bias: Bullish, but cooling off after the spike
━━━━━━━━━━━━━━━
👀 WHAT I SEE
→ Broke above the red Supertrend line and ran to 123.76 on a big volume spike
→ Now pulling back, price is sitting right on MA7 (121.31)
→ SAR (119.53) and Supertrend (118.77) have both flipped bullish
→ MA25, MA99 and Supertrend are all stacked around 118.8 – 118.9, that's a strong cushion
→ Order book is almost 70% sell side, so sellers are active near the top
━━━━━━━━━━━━━━━
📍 LEVELS
Support: 120.00 / 119.50 / 118.80
Resistance: 122.50 / 123.76 / 125.00
━━━━━━━━━━━━━━━
🎯 TRADE PLAN (LONG)
Entry: 120.00 – 120.80
SL: 118.50
TP1: 122.50
TP2: 123.70
TP3: 125.50
Breakout option: only after a 1H close above 123.80
━━━━━━━━━━━━━━━
⚠️ INVALIDATION
1H close below 118.50 and the setup is done
━━━━━━━━━━━━━━━
🧠 BIGGER PICTURE
+48% in 90 days but -44% over 1 year, so this is still a recovery bounce. Keep size small.
NFA. DYOR. $SOL
