$SOL Just as everyone thought it would break below 100, it bounced back
SOL on the 4-hour timeframe bottomed at 100.16. The MACD formed a golden cross and turned positive, and TD is on its 3rd candle.
Current price: 105.5. Short-term momentum is bullish, but 107–108 is a triple resistance zone: the upper Bollinger Band, EMA60, and EMA90.
Two short-term scenarios:
If it pulls back to 104.8–105.0 and holds, try a small long position. Stop-loss: 103.5; target: 106.8–107.
If it rises to 107.0–107.5 and stalls, try reversing into a short. Stop-loss: 108.8; target: 105.0.
In a choppy market, get in and out quickly, take profits while you can, and don’t mistake a rebound for a reversal.
Just my personal view, not financial advice. Strict stop-losses matter more than anything.
#SOLFutures
SOL on the 4-hour timeframe bottomed at 100.16. The MACD formed a golden cross and turned positive, and TD is on its 3rd candle.
Current price: 105.5. Short-term momentum is bullish, but 107–108 is a triple resistance zone: the upper Bollinger Band, EMA60, and EMA90.
Two short-term scenarios:
If it pulls back to 104.8–105.0 and holds, try a small long position. Stop-loss: 103.5; target: 106.8–107.
If it rises to 107.0–107.5 and stalls, try reversing into a short. Stop-loss: 108.8; target: 105.0.
In a choppy market, get in and out quickly, take profits while you can, and don’t mistake a rebound for a reversal.
Just my personal view, not financial advice. Strict stop-losses matter more than anything.
#SOLFutures