๐ $SOL Is Cooling After A Powerful Rallyโฆ But Bulls Havenโt Lost The Bigger Trend Yet! ๐ฅ
After pushing to $103.08, price has pulled back toward $97.14. The short-term chart is cooling, but the daily structure still looks strongly bullish.
โณ 1H โ Short-Term Pressure
Price is below the short-term moving averages, showing near-term weakness. Holding $95.70 could help buyers regain momentum.
๐ 4H โ Pullback Zone
The rally is retracing, but price remains above the $95.83 MA(25). A reclaim of $99โ$100 would improve the setup.
๐ 1D โ Bigger Trend
This is where the chart remains impressive. The strong breakout from the $70sโ$80s has completely shifted momentum, with volume expanding sharply.
๐ฏ Levels to watch
๐ข Support: $95.30โ$95.80
โก Reclaim: $99โ$100
๐ Resistance: $103.08
๐ฅ Breakout targets: $105 โ $110
๐ก๏ธ Major support: $90.40
๐ Bull path: Hold $95 โ reclaim $100 โ break $103.08 โ continuation higher.
๐ Bear path: Lose $95 โ deeper pullback toward $90.40.
Is this just a healthy reset before another push higher? ๐
#ZECBreaksKeyResistanceUp75.5% #OilHoldsLosses #KazakhstanCutsOilOutputForecastTo96MTons #JapanNoAdditionalOilReserveReleaseInSepOct
After pushing to $103.08, price has pulled back toward $97.14. The short-term chart is cooling, but the daily structure still looks strongly bullish.
โณ 1H โ Short-Term Pressure
Price is below the short-term moving averages, showing near-term weakness. Holding $95.70 could help buyers regain momentum.
๐ 4H โ Pullback Zone
The rally is retracing, but price remains above the $95.83 MA(25). A reclaim of $99โ$100 would improve the setup.
๐ 1D โ Bigger Trend
This is where the chart remains impressive. The strong breakout from the $70sโ$80s has completely shifted momentum, with volume expanding sharply.
๐ฏ Levels to watch
๐ข Support: $95.30โ$95.80
โก Reclaim: $99โ$100
๐ Resistance: $103.08
๐ฅ Breakout targets: $105 โ $110
๐ก๏ธ Major support: $90.40
๐ Bull path: Hold $95 โ reclaim $100 โ break $103.08 โ continuation higher.
๐ Bear path: Lose $95 โ deeper pullback toward $90.40.
Is this just a healthy reset before another push higher? ๐
#ZECBreaksKeyResistanceUp75.5% #OilHoldsLosses #KazakhstanCutsOilOutputForecastTo96MTons #JapanNoAdditionalOilReserveReleaseInSepOct
