🌊 $SOL 4th Wave Retracement: Re-Accumulation Zone Before Wave 5 Push? 🚀
Following our major $110 target hit, Solana pulled back to $104, presenting a textbook market reset.
If you know how to trade Elliott Wave structures and RSI resets, this is exactly the type of healthy consolidation we like to see.
📊 Technical & Wave Breakdown:
• Elliott Wave Structure: We just completed a strong 3rd wave expansion up to $110. Right now, Wave 4 is unfolding as expected—cooling off leverage before the final Wave 5 leg upward.
• RSI Reset (4H / 12H): The RSI across the 4-Hour and 12-Hour charts has cooled down from overbought conditions back to ~55—giving the bulls plenty of room to drive price higher without overextending momentum.
• Key Accumulation / Support Zones:
$106.00 (Immediate Local Support)
$104.00 (Current Liquidity Re-test)
$102.00 (Major Demand & Wave 4 Invalidations)
⚡ My Strategy:
I am watching for price stabilization between $102 – $106. Staggering spot entries inside this zone provides a low-risk setup to position for the upcoming Wave 5 expansion back toward $110+ and beyond.
👇 Are you accumulating $SOL in this $102–$106 zone, or waiting for a lower entry? Share your trade plan below!
#SOL #ElliottWave #CryptoTrading #TechnicalAnalysis #BinanceSquare
$SOL
Following our major $110 target hit, Solana pulled back to $104, presenting a textbook market reset.
If you know how to trade Elliott Wave structures and RSI resets, this is exactly the type of healthy consolidation we like to see.
📊 Technical & Wave Breakdown:
• Elliott Wave Structure: We just completed a strong 3rd wave expansion up to $110. Right now, Wave 4 is unfolding as expected—cooling off leverage before the final Wave 5 leg upward.
• RSI Reset (4H / 12H): The RSI across the 4-Hour and 12-Hour charts has cooled down from overbought conditions back to ~55—giving the bulls plenty of room to drive price higher without overextending momentum.
• Key Accumulation / Support Zones:
$106.00 (Immediate Local Support)
$104.00 (Current Liquidity Re-test)
$102.00 (Major Demand & Wave 4 Invalidations)
⚡ My Strategy:
I am watching for price stabilization between $102 – $106. Staggering spot entries inside this zone provides a low-risk setup to position for the upcoming Wave 5 expansion back toward $110+ and beyond.
👇 Are you accumulating $SOL in this $102–$106 zone, or waiting for a lower entry? Share your trade plan below!
#SOL #ElliottWave #CryptoTrading #TechnicalAnalysis #BinanceSquare
$SOL
