⚡ SOL just broke $109 with 4H RSI at 77 — "overbought" screams the textbook. But the volume says otherwise.
📊 The Setup:
Solana is in a full-blown strong uptrend. Price at $109.05, up +7.26% with $543.8M in volume — 1.39x the average and climbing. Both 4H and daily MACD are positive with expanding histograms. The daily RSI at 85.8 is hot, but in strong trends, RSI can stay overbought for weeks.
Long/short ratio at 1.53 tells me the crowd is leaning long — which is fine when the trend is this strong. The key: don't fight it until volume dries up.
🎯 The Trade:
Entry: $107.80–$110.30 (buy pullbacks to the 4H SMA7 zone at $105.95)
Stop Loss: $112.31 (above recent swing high)
TP1: $113.41
TP2: $117.77
TP3: $122.14
R/R of 1.3 with 65% confidence. The trend is your friend until it bends.
⚡ Hot take: SOL's ecosystem activity has been exploding, and the chart reflects fundamentals catching up. If $105 holds as support, $120 is the next major psychological level.
Bull or bear on SOL at $109? Are you riding this or fading it? 🤔
#SOL #Solana #DYOR
⚠️ Not financial advice. Always DYOR and size positions according to your risk tolerance.
📊 The Setup:
Solana is in a full-blown strong uptrend. Price at $109.05, up +7.26% with $543.8M in volume — 1.39x the average and climbing. Both 4H and daily MACD are positive with expanding histograms. The daily RSI at 85.8 is hot, but in strong trends, RSI can stay overbought for weeks.
Long/short ratio at 1.53 tells me the crowd is leaning long — which is fine when the trend is this strong. The key: don't fight it until volume dries up.
🎯 The Trade:
Entry: $107.80–$110.30 (buy pullbacks to the 4H SMA7 zone at $105.95)
Stop Loss: $112.31 (above recent swing high)
TP1: $113.41
TP2: $117.77
TP3: $122.14
R/R of 1.3 with 65% confidence. The trend is your friend until it bends.
⚡ Hot take: SOL's ecosystem activity has been exploding, and the chart reflects fundamentals catching up. If $105 holds as support, $120 is the next major psychological level.
Bull or bear on SOL at $109? Are you riding this or fading it? 🤔
#SOL #Solana #DYOR
⚠️ Not financial advice. Always DYOR and size positions according to your risk tolerance.