🚹 $SOL / USD 30M: Count Invalidated – New Wave 2 Retracement Setup 🚹

Solana ($SOL ) bounced stronger than expected from the $116.00 low, invalidating the previous micro count and confirming a cleaner 30M Elliott Wave setup!

📊 TECHNICAL ANALYSIS (30M):
‱ Wave (1) Purple: Completed at $116.00 via a 5-wave sub-structure down.
‱ Wave (2) Purple (Current Rebound): Price is testing the 0.618 – 0.764 Fib retracement zone ($121.76 – $123.00).
‱ Wave (3) Purple Projection: Rejection from the $121.76 – $123.00 supply zone is expected to drive price down into the Wave (3) target zone at $110.10 – $108.08 (1.38 – 1.618 Fib extension).

⚠ KEY TRIGGER:
A decisive break below $112.63 confirms the onset of the heavy corrective phase!

💡 SPOT STRATEGY:
‱ De-risk / Secure Cash: The $121.76 – $123.00 bounce zone provides a prime opportunity to lock in capital and reduce spot exposure.
‱ Stay Patient: Hold off on fresh spot accumulations until price tests the primary Wave (3) target zone near $110 – $108.

Protect your capital and trade the roadmap! 🧠💰

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