$SOL Back Near $105 - Is It SOL's Turn Next?
$SOL is back around $103 after a strong bounce from $90 to $106.
Last 2 days, it has looked relatively weak. Price is consolidating and short-term capital is clearly getting cautious. The pullback from $106 is real.
But this is NOT a trend breakdown yet.
Here's the structure I'm watching:
The Key Levels:
$100 - The Critical Support: This is the line. As long as SOL holds $100, this pullback is just healthy consolidation after the $90 -> $106 run.
$105 - $107 - The Reclaim Zone: If SOL can hold $100 and then push back and stabilize above $105-$107, we can get another short-term leg up. That reclaim would show buyers are back in control.
Invalidation: If $100 breaks with volume, then this whole rebound from $90 starts to cool off. Then we look lower again, not chase.
My Take:
Right now, SOL is in observation mode, not chase mode. Don't FOMO just because it bounced once.
Don't chase green. Let the levels decide.
Focus on two things:
1. Can $100 hold? 2. Can it reclaim and hold above $105?
If both happen, SOL will have a good chance for another attempt up. If $100 fails, patience pays.
Are you buying this dip or waiting for the $105 reclaim?
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