SOL Watching the long: support at 89.08–89.46 on the 4H
The daily chart is moving sideways. I’m watching to see whether buyers start acting at this level. A close above 89.3 could indicate strength.
Here’s what we have:
- RSI at 25 on the 1H suggests the price could move up after this cooldown.
- Risk to the stop-loss is 3.3%, and to target 3 is 5.3%; the risk-reward ratio is 1.6R.
- The level is holding below the EMA50 at 95.5, so the stop stays in place.
Entry 89.08–89.46 (long)
Targets 91.05 → 92.24 → 94.02
Scenario invalidation 86.30
The daily chart is moving sideways. I’m watching to see whether buyers start acting at this level. A close above 89.3 could indicate strength.
Here’s what we have:
- RSI at 25 on the 1H suggests the price could move up after this cooldown.
- Risk to the stop-loss is 3.3%, and to target 3 is 5.3%; the risk-reward ratio is 1.6R.
- The level is holding below the EMA50 at 95.5, so the stop stays in place.
Entry 89.08–89.46 (long)
Targets 91.05 → 92.24 → 94.02
Scenario invalidation 86.30