Have you noticed how many traders keep getting trapped trying to chase local tops on $SOL?
Most people lose money not because they picked the wrong asset, but because they buy late into major resistance zones without noticing the momentum shift.
Take a look at the price action around the recent move toward 105.77. While mainstream sentiment was calling for a continuation into 108 or 111, buying pressure stalled right at that local peak. When market structure starts rolling over in that 105.77 to 106.40 pocket, aggressive breakout buyers end up providing exit liquidity to volume traders waiting to fade the bounce.
Instead of hoping for an extended leg up, recognizing where local supply absorbs demand gives a much cleaner risk-to-reward setup. Watching how $BTC behaves around its own key levels will likely dictate whether this rejection follows through.
Where do you think this goes from here?
#Solana #CryptoTrading #PriceAction
Most people lose money not because they picked the wrong asset, but because they buy late into major resistance zones without noticing the momentum shift.
Take a look at the price action around the recent move toward 105.77. While mainstream sentiment was calling for a continuation into 108 or 111, buying pressure stalled right at that local peak. When market structure starts rolling over in that 105.77 to 106.40 pocket, aggressive breakout buyers end up providing exit liquidity to volume traders waiting to fade the bounce.
Instead of hoping for an extended leg up, recognizing where local supply absorbs demand gives a much cleaner risk-to-reward setup. Watching how $BTC behaves around its own key levels will likely dictate whether this rejection follows through.
Where do you think this goes from here?
#Solana #CryptoTrading #PriceAction
