This is me explaining that $SOL a $136.23 has just eliminated the over-leveraged longs, and they are trying to undermine confidence in the entire alternative market. I've been closely watching this level, and my analysis indicates it has acted as a demand point multiple times in the past few weeks.
EP: $132 – $136
TP: $142 / $150
SL: $126
The condition here is a quick sell-off with little follow-through, which often indicates seller exhaustion. If you want a cleaner setup, I'd wait for a 15-minute close above $138 before committing.
$SOL
EP: $132 – $136
TP: $142 / $150
SL: $126
The condition here is a quick sell-off with little follow-through, which often indicates seller exhaustion. If you want a cleaner setup, I'd wait for a 15-minute close above $138 before committing.
$SOL
