$SOL â Up the Stairs, Down the Elevator đ
Nov 5: SOL climbed steadily from 92 to 98, step by step, candle by candle.
Then the elevator cable snapped. One 4H candle erased the whole climb and dropped price straight back to 90, on the biggest volume of the week.
Since then, SOL has been sitting in the lobby. Small candles, quiet volume, drifting sideways between 88.70 and 91. The Alpenglow upgrade headlines are making noise, but the chart isn't listening yet.
đą If the bulls find the stairs again
âą 88.70â88.00 has caught every dip so far, with long lower wicks showing buyers waiting
âą A reclaim of 90.60, then 92, puts SOL back inside the range it fell out of
âą Above 94, the trapdoor at 96 comes back into play
đŽ If the floor gives way
âą Each bounce since the dump has topped out a little lower
âą 7-day: â6.7%. 30-day: â17%. The trend is not on the bulls' side
âą A 4H close below 88 opens the basement, with little support close below
đ Levels I'm watching
Support: 88.70 / 88.00
Resistance: 90.60 / 92.00 / 94.00 / 96.00
âł Quiet ranges rarely stay quiet. When volume walks back in, it usually picks a direction fast. I'm letting the market show its hand first.
So which button does SOL press next: up or down? đ
NFA · DYOR
#JobsReportRaisesHikeOdds
Nov 5: SOL climbed steadily from 92 to 98, step by step, candle by candle.
Then the elevator cable snapped. One 4H candle erased the whole climb and dropped price straight back to 90, on the biggest volume of the week.
Since then, SOL has been sitting in the lobby. Small candles, quiet volume, drifting sideways between 88.70 and 91. The Alpenglow upgrade headlines are making noise, but the chart isn't listening yet.
đą If the bulls find the stairs again
âą 88.70â88.00 has caught every dip so far, with long lower wicks showing buyers waiting
âą A reclaim of 90.60, then 92, puts SOL back inside the range it fell out of
âą Above 94, the trapdoor at 96 comes back into play
đŽ If the floor gives way
âą Each bounce since the dump has topped out a little lower
âą 7-day: â6.7%. 30-day: â17%. The trend is not on the bulls' side
âą A 4H close below 88 opens the basement, with little support close below
đ Levels I'm watching
Support: 88.70 / 88.00
Resistance: 90.60 / 92.00 / 94.00 / 96.00
âł Quiet ranges rarely stay quiet. When volume walks back in, it usually picks a direction fast. I'm letting the market show its hand first.
So which button does SOL press next: up or down? đ
NFA · DYOR
#JobsReportRaisesHikeOdds