$SOL is pulling back into the stated $108–$110 demand area while maintaining a bullish mid-term structure. Daily RSI has declined to 42, and OI has fallen 6.4%, indicating a flush of leveraged longs during the pullback. The supplied catalyst points to continuing institutional demand and network activity. The setup offers a clearly defined risk structure, but the stated Bitcoin correlation remains the primary risk.
📈 Bias: Bearish Short-Term / Bullish Mid-Term | 🎯 Entry: $108.50–$111.00 | 🛡 Support: $106.00 | 🚧 Resistance: $118.00 | 🎯 Targets: $117.50 / $122.00 / $128.00 | ❌ Invalidation: $104.50
Strategy: Support entry around the stated demand zone, with confirmation that $106 remains defended.
#SOL #CryptoTrading #Altcoins #BinanceSquare #TechnicalAnalysis
📈 Bias: Bearish Short-Term / Bullish Mid-Term | 🎯 Entry: $108.50–$111.00 | 🛡 Support: $106.00 | 🚧 Resistance: $118.00 | 🎯 Targets: $117.50 / $122.00 / $128.00 | ❌ Invalidation: $104.50
Strategy: Support entry around the stated demand zone, with confirmation that $106 remains defended.
#SOL #CryptoTrading #Altcoins #BinanceSquare #TechnicalAnalysis