$SOL USDT (Solana) — Current Price: 106.71
SOL is trading near 106.71 after a strong recovery from the 101.88 low, but recent rejection near 108.11 shows that sellers are still active around resistance. This zone could determine the next short-term move.
On the 15-minute chart, buyers pushed price higher and established a consolidation range around 106.00–107.20 before another attempt toward the highs. The latest pullback suggests momentum has cooled slightly. My focus is on whether buyers can defend the 106.00 area and regain control.
A clean break above 107.05–107.20 could open the way toward 107.80 and 108.10. However, losing the 105.70–106.00 support zone would weaken the bullish structure and increase the risk of a deeper pullback. Confirmation matters more than chasing the move.
Trade Setup:
Entry Zone: 106.20–106.70
Take Profit 1: 107.50
Take Profit 2: 108.10
Stop Loss: 105.60
Patience is key. Wait for confirmation around the entry zone, manage risk carefully, and avoid emotional entries. This is a potential setup based on the visible 15-minute chart, not a guaranteed outcome.
SOL is trading near 106.71 after a strong recovery from the 101.88 low, but recent rejection near 108.11 shows that sellers are still active around resistance. This zone could determine the next short-term move.
On the 15-minute chart, buyers pushed price higher and established a consolidation range around 106.00–107.20 before another attempt toward the highs. The latest pullback suggests momentum has cooled slightly. My focus is on whether buyers can defend the 106.00 area and regain control.
A clean break above 107.05–107.20 could open the way toward 107.80 and 108.10. However, losing the 105.70–106.00 support zone would weaken the bullish structure and increase the risk of a deeper pullback. Confirmation matters more than chasing the move.
Trade Setup:
Entry Zone: 106.20–106.70
Take Profit 1: 107.50
Take Profit 2: 108.10
Stop Loss: 105.60
Patience is key. Wait for confirmation around the entry zone, manage risk carefully, and avoid emotional entries. This is a potential setup based on the visible 15-minute chart, not a guaranteed outcome.