$SOL — Concise Wyckoff perspective (1D timeframe)
SOL/USDT on the Daily timeframe is currently trading around $101.66 after a long pullback from the top zone above $240. Price action & volume are showing a potential Accumulation signal, where the market is in Phase C transitioning into Phase D.
2. Scenarios & Strategy
Primary scenario (priority): SOL will consolidate and accumulate (LPS) around the $90.00 – $98.00 area with low volume. If this zone holds and buying pressure reappears to support the price, the upward momentum will break out decisively through $110, officially entering Phase E (Mark-Up) toward targets of $135 and $150.
Failed scenario: If selling pressure suddenly increases and drives the price back down, breaking in the reverse direction below the $80.00 level, the Accumulation structure will weaken and the price will return to an extended sideways move within the old Trading Range ($60 – $100).
Advice: Do not chase buys with candles when the price is approaching the $110 resistance. The optimal plan is to be patient and wait for the corrective swing to test the depleted supply (LPS) around $90 – $98, or wait for a Daily candle close decisively above the $110 level to follow the Mark-Up cycle.
Not investment advice. #SOL #Wyckoff
SOL/USDT on the Daily timeframe is currently trading around $101.66 after a long pullback from the top zone above $240. Price action & volume are showing a potential Accumulation signal, where the market is in Phase C transitioning into Phase D.
2. Scenarios & Strategy
Primary scenario (priority): SOL will consolidate and accumulate (LPS) around the $90.00 – $98.00 area with low volume. If this zone holds and buying pressure reappears to support the price, the upward momentum will break out decisively through $110, officially entering Phase E (Mark-Up) toward targets of $135 and $150.
Failed scenario: If selling pressure suddenly increases and drives the price back down, breaking in the reverse direction below the $80.00 level, the Accumulation structure will weaken and the price will return to an extended sideways move within the old Trading Range ($60 – $100).
Advice: Do not chase buys with candles when the price is approaching the $110 resistance. The optimal plan is to be patient and wait for the corrective swing to test the depleted supply (LPS) around $90 – $98, or wait for a Daily candle close decisively above the $110 level to follow the Mark-Up cycle.
Not investment advice. #SOL #Wyckoff
