$SOL โ 1H ๐
SOL is sitting just below $120โฆ but is this consolidation building the next move?
The structure still looks constructive. SOL pushed from $109 โ $119.99, then held above the $115.32 Supertrend while consolidating around $118.
Key levels:
โข Resistance: $119.99 โ $120.54
โข Support: $116.0 โ $115.32
โข Deeper support: $112.64
๐ข Long idea: $116โ117 on a clean retest
๐ SL: $114.5
๐ฏ TP: $119.99 โ $122 โ $125
The key area is $116โ117. If buyers keep defending it, SOL can retest $120. A clean 1H close above $120 would give strong continuation confirmation.
The order book is also noticeably bid-heavy at 67.3% bids, which supports the current structure, although order-book pressure can change quickly.
Recent daily data shows SOL closed around $116.56 on Sept. 22, after reaching $119.43 intraday.
Bias: bullish while $115.32 holds.
#SOL
SOL is sitting just below $120โฆ but is this consolidation building the next move?
The structure still looks constructive. SOL pushed from $109 โ $119.99, then held above the $115.32 Supertrend while consolidating around $118.
Key levels:
โข Resistance: $119.99 โ $120.54
โข Support: $116.0 โ $115.32
โข Deeper support: $112.64
๐ข Long idea: $116โ117 on a clean retest
๐ SL: $114.5
๐ฏ TP: $119.99 โ $122 โ $125
The key area is $116โ117. If buyers keep defending it, SOL can retest $120. A clean 1H close above $120 would give strong continuation confirmation.
The order book is also noticeably bid-heavy at 67.3% bids, which supports the current structure, although order-book pressure can change quickly.
Recent daily data shows SOL closed around $116.56 on Sept. 22, after reaching $119.43 intraday.
Bias: bullish while $115.32 holds.
#SOL
