đ„ SOL/USDT | 1H
Price: 121.18 (+2.66%)
Bias: Bullish, but cooling off after the spike
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đ WHAT I SEE
â Broke above the red Supertrend line and ran to 123.76 on a big volume spike
â Now pulling back, price is sitting right on MA7 (121.31)
â SAR (119.53) and Supertrend (118.77) have both flipped bullish
â MA25, MA99 and Supertrend are all stacked around 118.8 â 118.9, that's a strong cushion
â Order book is almost 70% sell side, so sellers are active near the top
âââââââââââââââ
đ LEVELS
Support: 120.00 / 119.50 / 118.80
Resistance: 122.50 / 123.76 / 125.00
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đŻ TRADE PLAN (LONG)
Entry: 120.00 â 120.80
SL: 118.50
TP1: 122.50
TP2: 123.70
TP3: 125.50
Breakout option: only after a 1H close above 123.80
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â ïž INVALIDATION
1H close below 118.50 and the setup is done
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đ§ BIGGER PICTURE
+48% in 90 days but -44% over 1 year, so this is still a recovery bounce. Keep size small.
NFA. DYOR. $SOL
Price: 121.18 (+2.66%)
Bias: Bullish, but cooling off after the spike
âââââââââââââââ
đ WHAT I SEE
â Broke above the red Supertrend line and ran to 123.76 on a big volume spike
â Now pulling back, price is sitting right on MA7 (121.31)
â SAR (119.53) and Supertrend (118.77) have both flipped bullish
â MA25, MA99 and Supertrend are all stacked around 118.8 â 118.9, that's a strong cushion
â Order book is almost 70% sell side, so sellers are active near the top
âââââââââââââââ
đ LEVELS
Support: 120.00 / 119.50 / 118.80
Resistance: 122.50 / 123.76 / 125.00
âââââââââââââââ
đŻ TRADE PLAN (LONG)
Entry: 120.00 â 120.80
SL: 118.50
TP1: 122.50
TP2: 123.70
TP3: 125.50
Breakout option: only after a 1H close above 123.80
âââââââââââââââ
â ïž INVALIDATION
1H close below 118.50 and the setup is done
âââââââââââââââ
đ§ BIGGER PICTURE
+48% in 90 days but -44% over 1 year, so this is still a recovery bounce. Keep size small.
NFA. DYOR. $SOL
