Weekly chart on $SOL — let's zoom out and map the structure.
Price is currently grinding at $115, working to confirm this as support. That's the key floor right now. If it holds, we've got a base to work from. If it breaks, the setup changes.
Next meaningful resistance sits at $149.84 — that's a clean +29% move from current levels. That's your upside target if $115 holds and momentum builds.
The trade setup here is straightforward:
• Support: $115 — needs to hold for bullish continuation
• Target: $149.84 — next structural resistance
• Invalidation: Clean break and close below $115
This is textbook level-to-level trading. You're watching for confirmation at support, then targeting the next resistance zone. No guessing — just reading the levels the chart is giving you.
If $115 confirms as support with volume and structure, the path to $149 opens up. If it fails, you step aside and wait for the next clean setup. That's how you stay in sync with the chart.
Price is currently grinding at $115, working to confirm this as support. That's the key floor right now. If it holds, we've got a base to work from. If it breaks, the setup changes.
Next meaningful resistance sits at $149.84 — that's a clean +29% move from current levels. That's your upside target if $115 holds and momentum builds.
The trade setup here is straightforward:
• Support: $115 — needs to hold for bullish continuation
• Target: $149.84 — next structural resistance
• Invalidation: Clean break and close below $115
This is textbook level-to-level trading. You're watching for confirmation at support, then targeting the next resistance zone. No guessing — just reading the levels the chart is giving you.
If $115 confirms as support with volume and structure, the path to $149 opens up. If it fails, you step aside and wait for the next clean setup. That's how you stay in sync with the chart.
