🔥 $SOL at $108.9: Relief bounce or preparing for another drop to $105?
Took a look at the 1H $SOL/USDT chart after that heavy move down to $105.71.
We saw a quick bounce back up, but $SOL is hitting a clear ceiling around $110.0 - $111.3 (Bollinger Middle Band & EMA25 zone). As long as price stays below $111, sellers are still in control.
Here is how I’m playing this setup:
• Short Scalp Idea: If price retests $110.0 - $110.8 and gets rejected, looking for a continuation drop back toward $106.0 - $105.5.
• Bullish Reclaim: Need to see a solid 1H candle close above $111.5 to open up a push toward $114 - $115.
My Key Levels:
• Target: $105.80 (Short) / $114.20 (Long)
• Invalidation (SL): $111.80 (Short) / $107.50 (Long)
RSI is around 38, showing weakness but not fully oversold yet.
What’s your plan for here? Catching the dip or waiting for a breakdown below $105? Let me know below! 👇
Not financial advice. Trade with tight risk management.
#Write2Earn #SOL #Solana #CryptoAnalysis #BinanceSquare #CryptoTrading
$SOL
Took a look at the 1H $SOL/USDT chart after that heavy move down to $105.71.
We saw a quick bounce back up, but $SOL is hitting a clear ceiling around $110.0 - $111.3 (Bollinger Middle Band & EMA25 zone). As long as price stays below $111, sellers are still in control.
Here is how I’m playing this setup:
• Short Scalp Idea: If price retests $110.0 - $110.8 and gets rejected, looking for a continuation drop back toward $106.0 - $105.5.
• Bullish Reclaim: Need to see a solid 1H candle close above $111.5 to open up a push toward $114 - $115.
My Key Levels:
• Target: $105.80 (Short) / $114.20 (Long)
• Invalidation (SL): $111.80 (Short) / $107.50 (Long)
RSI is around 38, showing weakness but not fully oversold yet.
What’s your plan for here? Catching the dip or waiting for a breakdown below $105? Let me know below! 👇
Not financial advice. Trade with tight risk management.
#Write2Earn #SOL #Solana #CryptoAnalysis #BinanceSquare #CryptoTrading
$SOL