$SOL LONG WATCH đ | Solana Is Testing a Key Resistance!
Solana is showing strong bullish momentum on both the 15-minute and 1-hour charts. SOL is trading around $105.90, up approximately 2.27% in the screenshot, after recovering from $100.43.
But hereâs the important part: price is now testing resistance near $105.99â$106.27. Will buyers push through, or will sellers step in?
đ Key Levels to Watch
đą Resistance: $105.99â$106.27
đ” Immediate support: $105.40â$105.50
đĄïž Stronger support: $104.00â$104.30
đ LONG scenario: A strong 15-minute candle close above $106.27, backed by increasing volume, could open the way toward $106.80 and $107.50.
đ Pullback scenario: If SOL fails to break resistance and loses $105.40, a retest of lower support could follow.
My strategy: Iâm watching for a confirmed breakout and retest rather than chasing the current move. The trend looks bullish, but volume confirmation is still important.
Traders, whatâs your plan for $SOL â LONG after confirmation, or wait for a pullback?
#SOLUSDT #Solana #CryptoSetup #BreakoutTrading #TechnicalAnalysis
Solana is showing strong bullish momentum on both the 15-minute and 1-hour charts. SOL is trading around $105.90, up approximately 2.27% in the screenshot, after recovering from $100.43.
But hereâs the important part: price is now testing resistance near $105.99â$106.27. Will buyers push through, or will sellers step in?
đ Key Levels to Watch
đą Resistance: $105.99â$106.27
đ” Immediate support: $105.40â$105.50
đĄïž Stronger support: $104.00â$104.30
đ LONG scenario: A strong 15-minute candle close above $106.27, backed by increasing volume, could open the way toward $106.80 and $107.50.
đ Pullback scenario: If SOL fails to break resistance and loses $105.40, a retest of lower support could follow.
My strategy: Iâm watching for a confirmed breakout and retest rather than chasing the current move. The trend looks bullish, but volume confirmation is still important.
Traders, whatâs your plan for $SOL â LONG after confirmation, or wait for a pullback?
#SOLUSDT #Solana #CryptoSetup #BreakoutTrading #TechnicalAnalysis