UPDATE: SOLANA ($SOL SUB-WAVE ii BOUNCE IN PROGRESS 🚨
Following up on our POSIBILITY 2 (Bearish Scenario), price action continues to respect the primary count. After sub-wave i completed its 5-wave micro drop down to test the $101.96 – $103.99 demand zone, price is now developing a corrective relief bounce for sub-wave ii.
📊 REVISED FIBONACCI LEVELS & STRUCTURE
🔴 Sub-wave ii Pullback Target Zone:
Price is forming an ABC corrective structure within sub-wave ii towards the resistance cluster:
📍 Fib 0.382: $105.56
📍 Fib 0.500: $106.27
📍 Fib 0.618: $106.98
📍 Fib 0.764: $107.87
💡 TRADING STRATEGY & GAME PLAN
Watch the Rejection Zone: Keep a close eye on price reaction as it climbs into the $105.56 – $107.87 area. A clear high-volume rejection inside this box will mark the completion of sub-wave ii and trigger the aggressive sub-wave iii sell-off.
Invalidation Level: $109.45 (Wave (b) High). A break and hourly close above $109.45 invalidates this immediate bearish setup.
Execution Reminder: Sub-wave iii of Wave (c) usually carries the strongest momentum. Wait for structural rejection before taking setups—do not rush!
Stay disciplined and prioritize risk management! 📉⚡
Following up on our POSIBILITY 2 (Bearish Scenario), price action continues to respect the primary count. After sub-wave i completed its 5-wave micro drop down to test the $101.96 – $103.99 demand zone, price is now developing a corrective relief bounce for sub-wave ii.
📊 REVISED FIBONACCI LEVELS & STRUCTURE
🔴 Sub-wave ii Pullback Target Zone:
Price is forming an ABC corrective structure within sub-wave ii towards the resistance cluster:
📍 Fib 0.382: $105.56
📍 Fib 0.500: $106.27
📍 Fib 0.618: $106.98
📍 Fib 0.764: $107.87
💡 TRADING STRATEGY & GAME PLAN
Watch the Rejection Zone: Keep a close eye on price reaction as it climbs into the $105.56 – $107.87 area. A clear high-volume rejection inside this box will mark the completion of sub-wave ii and trigger the aggressive sub-wave iii sell-off.
Invalidation Level: $109.45 (Wave (b) High). A break and hourly close above $109.45 invalidates this immediate bearish setup.
Execution Reminder: Sub-wave iii of Wave (c) usually carries the strongest momentum. Wait for structural rejection before taking setups—do not rush!
Stay disciplined and prioritize risk management! 📉⚡
