$SOL just wicked below $100 for the first time this month, and buyers bought it right back. Third test, who wins? 🚨
Price is around $101.70, sitting under every near-term moving average. Sellers have controlled this chart for weeks, but the $100 floor keeps holding. 👀
Levels I'm watching:
🟣 $111: 20-day EMA, the key ceiling
🔴 $107: 50-day EMA, reclaim it first
🟢 $100: the floor, held again on this third test
⚠️ Lose $98.6 and the 200-day EMA near $97.6 comes into play
Futures open interest is falling, which looks like positions closing rather than new shorts piling in. The Fed meets October 27 to 28, which could set the tone.
My plan: no chasing. I want a daily close above $107 before I get bullish, and I'm stepping aside if $98.6 breaks.
Floor or trapdoor for SOL? 👇
#sol #Solana #Crypto #cryptotrading #altcoins
@Zetoshi X @Ismeidy @BitEagle News
Price is around $101.70, sitting under every near-term moving average. Sellers have controlled this chart for weeks, but the $100 floor keeps holding. 👀
Levels I'm watching:
🟣 $111: 20-day EMA, the key ceiling
🔴 $107: 50-day EMA, reclaim it first
🟢 $100: the floor, held again on this third test
⚠️ Lose $98.6 and the 200-day EMA near $97.6 comes into play
Futures open interest is falling, which looks like positions closing rather than new shorts piling in. The Fed meets October 27 to 28, which could set the tone.
My plan: no chasing. I want a daily close above $107 before I get bullish, and I'm stepping aside if $98.6 breaks.
Floor or trapdoor for SOL? 👇
#sol #Solana #Crypto #cryptotrading #altcoins
@Zetoshi X @Ismeidy @BitEagle News
