*$SOL TRADERS - READ THIS* ⚡
*Price:* $110.39 (+0.76% today, -6.49% Oct)
Flush is DONE. Leverage cleaned.
*What Happened:*
- $50.7M longs liquidated yesterday, $325M longs wiped in 30 mins
- OI down 5.29% to $6.93B = reset
- BTC dump + oil spike = risk-off, but SOL holding $109 better than most
*Levels:*
*Support:* $109 (current) -> $108 (must hold) -> $95.82 (deep)
*Resistance:* $111.51 -> $124.95 -> $130
*TRADE SETUP:*
*Scalp Long (High R:R):*
Entry: $109 - $110.39 (now)
SL: $105 (below channel)
TP1: $115 (quick)
TP2: $122
TP3: $124.95 (+13%)
M30 says BUY, RSI buy signal, funding -0.0075% (shorts paying you).
*Why long?*
Samsung Wallet x USDC on SOL launching last week Oct - 82M Galaxy devices. JPMorgan DvP settlement on SOL. Fundamentals bullish while price fearful.
*Invalidation:* Daily close below $108 = short to $102 -> $95.
This is where traders make money. Not at top.
Long or short?
#sol #solana #SolanaPlansToCutBlockTimesTo200ms #ReusedBitcoinAddressesHold4.33MBTC #BinanceSquare
*Price:* $110.39 (+0.76% today, -6.49% Oct)
Flush is DONE. Leverage cleaned.
*What Happened:*
- $50.7M longs liquidated yesterday, $325M longs wiped in 30 mins
- OI down 5.29% to $6.93B = reset
- BTC dump + oil spike = risk-off, but SOL holding $109 better than most
*Levels:*
*Support:* $109 (current) -> $108 (must hold) -> $95.82 (deep)
*Resistance:* $111.51 -> $124.95 -> $130
*TRADE SETUP:*
*Scalp Long (High R:R):*
Entry: $109 - $110.39 (now)
SL: $105 (below channel)
TP1: $115 (quick)
TP2: $122
TP3: $124.95 (+13%)
M30 says BUY, RSI buy signal, funding -0.0075% (shorts paying you).
*Why long?*
Samsung Wallet x USDC on SOL launching last week Oct - 82M Galaxy devices. JPMorgan DvP settlement on SOL. Fundamentals bullish while price fearful.
*Invalidation:* Daily close below $108 = short to $102 -> $95.
This is where traders make money. Not at top.
Long or short?
#sol #solana #SolanaPlansToCutBlockTimesTo200ms #ReusedBitcoinAddressesHold4.33MBTC #BinanceSquare