🔷 $SOL : spot is absorbing, fuel on the longs
📋 Technical picture:
• $115.61 (+7.01% for the day), volume $384M: returned 115 after 95.82
• CVD running wild: spot +2.3M, futures −107.7M, OI rising — demand on spot, shorts on perps
• Daily above all MAs, RSI 75.7; 4h RSI 85.8, histogram is compressing
• Map: short cluster 115-119 above price, cumulative 122.8-127.4
• Downside fuel for longs 107.4-111.2, MA7 (4h) at 111.17
🧠 My idea: spot is absorbing; perps pay funding for shorts—and turn into squeeze fuel. So I won’t short the 4h overbought at 85.8, and I won’t buy straight at 115.6 under the 116.85 high: liquidity is hunting both sides there. Thesis: spot demand will turn the short slant into fuel.
🎣 Entry points:
🟢 Pullback: 109-111.2 → take profits 116.85/119, stop 106.8
🟢 Breakout: 4h above 116.85 → take profits 119/122.8, stop 111.2
🔴 Breakdown: 4h below 107.4 → take profits 103.6/99.4, stop 111.2
⚠️ 4h RSI 85.8: a shove into fuel 107.4-111.2 is possible before a squeeze.
❓ Will it push 115-119 or a move into fuel 107.4? 👇
#solana
📋 Technical picture:
• $115.61 (+7.01% for the day), volume $384M: returned 115 after 95.82
• CVD running wild: spot +2.3M, futures −107.7M, OI rising — demand on spot, shorts on perps
• Daily above all MAs, RSI 75.7; 4h RSI 85.8, histogram is compressing
• Map: short cluster 115-119 above price, cumulative 122.8-127.4
• Downside fuel for longs 107.4-111.2, MA7 (4h) at 111.17
🧠 My idea: spot is absorbing; perps pay funding for shorts—and turn into squeeze fuel. So I won’t short the 4h overbought at 85.8, and I won’t buy straight at 115.6 under the 116.85 high: liquidity is hunting both sides there. Thesis: spot demand will turn the short slant into fuel.
🎣 Entry points:
🟢 Pullback: 109-111.2 → take profits 116.85/119, stop 106.8
🟢 Breakout: 4h above 116.85 → take profits 119/122.8, stop 111.2
🔴 Breakdown: 4h below 107.4 → take profits 103.6/99.4, stop 111.2
⚠️ 4h RSI 85.8: a shove into fuel 107.4-111.2 is possible before a squeeze.
❓ Will it push 115-119 or a move into fuel 107.4? 👇
#solana
