$SOL pushed back up past $100 after months of boring sideways drift, but what really gets my attention is how violently it cleared that months-long consolidation ceiling around $100. It did not chop through it blasted straight through the entire range top.
The breakout looks legitimate on volume, but after a straight shot to $100+, the immediate risk-to-reward for buying right now isn't great. The big question over the next few sessions is whether buyers step up to defend $100 as the new floor, or if this momentum dies out and drags price right back into the old range. I'm content staying on my hands until the retest proves itself.
Entry: $98.50 - $100.00 (Wait for confirmation/holding of old resistance as support)
Stop Loss: $91.00 (Below recent local structure inside the breakout candle base)
TP1: $115.00
TP2: $130.00
The breakout looks legitimate on volume, but after a straight shot to $100+, the immediate risk-to-reward for buying right now isn't great. The big question over the next few sessions is whether buyers step up to defend $100 as the new floor, or if this momentum dies out and drags price right back into the old range. I'm content staying on my hands until the retest proves itself.
Entry: $98.50 - $100.00 (Wait for confirmation/holding of old resistance as support)
Stop Loss: $91.00 (Below recent local structure inside the breakout candle base)
TP1: $115.00
TP2: $130.00
