SOL: Today's support is at 103.50. It's close to the short-term resistance zone of 106.25–107.45, so you can stay out for now and continue waiting to go long at 101.25–100.26. The low of the small swing following the pullback from the 113.38 drop-off point is around 96, so only buy dips and add to the position at 98.65 and 97.85; if it doesn't reach those levels, don't add. Take profit on the rebound at 104.85–106.25 while keeping a core position.
Defensive plan: 100.25 is the 0.382 retracement level of the 125–60 major swing correction. The first major Fibonacci level is strong support, which is why 100 has held so far. If it breaks for the first time, it should only fall as low as 97–96, so use that as an area to add to the position. Use 95 as a defensive level to reduce the position and make a quick T-trade. Only if 95 breaks would it fall to 92.65 (the second Fibonacci level), corresponding to BTC at 78,000. For now, it doesn't look like it'll get that low, so it will be difficult to get filled; over the past week or so, I barely managed to get two fills on long entries near 100.
Defensive plan: 100.25 is the 0.382 retracement level of the 125–60 major swing correction. The first major Fibonacci level is strong support, which is why 100 has held so far. If it breaks for the first time, it should only fall as low as 97–96, so use that as an area to add to the position. Use 95 as a defensive level to reduce the position and make a quick T-trade. Only if 95 breaks would it fall to 92.65 (the second Fibonacci level), corresponding to BTC at 78,000. For now, it doesn't look like it'll get that low, so it will be difficult to get filled; over the past week or so, I barely managed to get two fills on long entries near 100.
