📉 SOL — LOCAL PULLBACK & TEST OF MULTI-DAY SUPPORT FLOORS! 🔻
$SOL is trading lower at 100.73 (-3.25%, or roughly Rs27,888.11), moving within an active 24-hour range between a high of 105.22 and a low of 99.58. Price action on this 4-hour chart displays a corrective leg down following a rejection near the 109.18 swing peak, currently dipping below the fast MA(7) (102.53), MA(25) (104.72), and macro structural MA(99) (106.40) lines.
📊 QUICK TRADE PLAN — 4H
🟢 LONG ENTRY: 97.00–100.50 (on confirmed volume absorption and successful structural defense near local swing lows)
🛑 STOP LOSS: 94.50
🎯 TP1: 106.00
🎯 TP2: 112.00
Are you watching for Solana to defend this critical $99 support area and stage a recovery bounce, or looking for further downside continuation? Let's discuss below! 👇
👉 Trade: $SOL
#Solana #SOL #cryptotrading #BinanceSquare #bearish
$SOL is trading lower at 100.73 (-3.25%, or roughly Rs27,888.11), moving within an active 24-hour range between a high of 105.22 and a low of 99.58. Price action on this 4-hour chart displays a corrective leg down following a rejection near the 109.18 swing peak, currently dipping below the fast MA(7) (102.53), MA(25) (104.72), and macro structural MA(99) (106.40) lines.
📊 QUICK TRADE PLAN — 4H
🟢 LONG ENTRY: 97.00–100.50 (on confirmed volume absorption and successful structural defense near local swing lows)
🛑 STOP LOSS: 94.50
🎯 TP1: 106.00
🎯 TP2: 112.00
Are you watching for Solana to defend this critical $99 support area and stage a recovery bounce, or looking for further downside continuation? Let's discuss below! 👇
👉 Trade: $SOL
#Solana #SOL #cryptotrading #BinanceSquare #bearish