SOL 1H – pressing against the trendline again
SOL is at 102.16 and honestly the chart looks a lot like where we were a few days ago: a range with a falling trendline sitting on top.
What I’m watching:
103.10 is the level that matters. It lines up with the descending trendline from the 22nd high, so there’s double resistance right there. Price poked above it yesterday and got pushed back.
$SOL
100.61 is the floor for now. It held again last night and the bounce was quick. It also caught the dips on the 19th and the 27th.
The last candle came with a decent volume bump, which is nice to see. But one candle doesn’t confirm anything for me.
My plan is simple: I’d want a proper hourly close above 103.10 and the trendline before considering any move. If 100.61 gives way, I’d be careful, because the next area is the 99 wick from the 27th.
Could be a breakout, could be another fake-out. Waiting for the candle to close.
How are you reading SOL here?
NFA, just my notes.
SOL is at 102.16 and honestly the chart looks a lot like where we were a few days ago: a range with a falling trendline sitting on top.
What I’m watching:
103.10 is the level that matters. It lines up with the descending trendline from the 22nd high, so there’s double resistance right there. Price poked above it yesterday and got pushed back.
$SOL
100.61 is the floor for now. It held again last night and the bounce was quick. It also caught the dips on the 19th and the 27th.
The last candle came with a decent volume bump, which is nice to see. But one candle doesn’t confirm anything for me.
My plan is simple: I’d want a proper hourly close above 103.10 and the trendline before considering any move. If 100.61 gives way, I’d be careful, because the next area is the 99 wick from the 27th.
Could be a breakout, could be another fake-out. Waiting for the candle to close.
How are you reading SOL here?
NFA, just my notes.
