🟣 $SOL
SOL is up only 0.66%, but it's coiling like a spring. Low momentum before a breakout is the trader's favorite setup. 🌀
Overview: Consolidating, laggard energy, but compression is building.
Support: 116 | 108
Resistance: 126 | 135
Short term: A volume spike over 126 is the trigger.
Mid term: Range play between 116 and 135 until proven otherwise.
Long term: The ecosystem is strong, so patience pays here.
🎯 Targets: T1: 126 | T2: 134 | T3: 148
Invalidation: below 114
💡 Pro tip: Don't buy the breakout candle, wait for the retest. It's boring, and boring makes money.
#SOL #solana #BinanceSquare
SOL is up only 0.66%, but it's coiling like a spring. Low momentum before a breakout is the trader's favorite setup. 🌀
Overview: Consolidating, laggard energy, but compression is building.
Support: 116 | 108
Resistance: 126 | 135
Short term: A volume spike over 126 is the trigger.
Mid term: Range play between 116 and 135 until proven otherwise.
Long term: The ecosystem is strong, so patience pays here.
🎯 Targets: T1: 126 | T2: 134 | T3: 148
Invalidation: below 114
💡 Pro tip: Don't buy the breakout candle, wait for the retest. It's boring, and boring makes money.
#SOL #solana #BinanceSquare