$SOL TESTING MAKE-OR-BREAK SUPPORT! Bulls, watch closely... 📈
The 1H chart shows Solana hitting a major demand zone. Is a V-shaped recovery in the cards?
🔍 The Setup:
Current Price: $86.80
Strong Support Floor: Last line of defense sits at $85.02
Overhead Resistance: Crucial EMAs waiting to be reclaimed at $87.40 and $89.16
🎯 Trade Execution:
🟢 Long Entry: Look for a 1H candle reversal confirmation/engulfing pattern off the $85.00–$86.00 zone.
🛑 Stop Loss: Strict invalidation if a candle closes below $84.80.
💰 Take Profit: Scaling out at $89.00 and $91.50.
⚠️ MACD momentum is currently heavily bearish. Do not catch a falling knife without reaction volume. Wait for confirmation!
#Solana #SOLUSDT #CryptoTrading #Binance
The 1H chart shows Solana hitting a major demand zone. Is a V-shaped recovery in the cards?
🔍 The Setup:
Current Price: $86.80
Strong Support Floor: Last line of defense sits at $85.02
Overhead Resistance: Crucial EMAs waiting to be reclaimed at $87.40 and $89.16
🎯 Trade Execution:
🟢 Long Entry: Look for a 1H candle reversal confirmation/engulfing pattern off the $85.00–$86.00 zone.
🛑 Stop Loss: Strict invalidation if a candle closes below $84.80.
💰 Take Profit: Scaling out at $89.00 and $91.50.
⚠️ MACD momentum is currently heavily bearish. Do not catch a falling knife without reaction volume. Wait for confirmation!
#Solana #SOLUSDT #CryptoTrading #Binance