đ SOL/USD Update: Triangle Breakout Confirmed & CPI Watch!
Solana ($SOL ) has officially broken out of the 15M descending trendline resistance, pushing above $108.43+! Our anticipated micro-structure relief bounce (Wave 4 / C) is well underway.
đŻ Key Take Profit Targets:
Conservative Target: $110.28 â $111.00
Primary Target (Wave C): $112.50 â $112.89 (The critical supply zone where older average positions look to exit cleanly).
Risk Control: Protect positions with a tight trailing stop or stop loss just beneath the breakout level around $107.00.
â ïž MACRO ALERT: US CPI DATA DROPS TONIGHT! đșđž
Keep a close eye on the markets as the US Consumer Price Index (CPI) releases tonight at 19:30 WIB (12:30 UTC):
Cooler Inflation (< Forecast): Could act as the exact fuel needed to drive $SOL straight to our $112.89 target.
Hotter Inflation (> Forecast): Watch out for potential fakeouts or sharp rejections that could pivot the price back toward lower macro demand zones ($95â$99).
Manage your leverage, lock in profits along the way, and stay safe out there! đĄïžđ
Which targets are you aiming for tonight? Drop your thoughts below! đ
#Solana #SOL #CryptoTrading #ElliottWave #USCPI #BinanceSquare #TechnicalAnalysis
Solana ($SOL ) has officially broken out of the 15M descending trendline resistance, pushing above $108.43+! Our anticipated micro-structure relief bounce (Wave 4 / C) is well underway.
đŻ Key Take Profit Targets:
Conservative Target: $110.28 â $111.00
Primary Target (Wave C): $112.50 â $112.89 (The critical supply zone where older average positions look to exit cleanly).
Risk Control: Protect positions with a tight trailing stop or stop loss just beneath the breakout level around $107.00.
â ïž MACRO ALERT: US CPI DATA DROPS TONIGHT! đșđž
Keep a close eye on the markets as the US Consumer Price Index (CPI) releases tonight at 19:30 WIB (12:30 UTC):
Cooler Inflation (< Forecast): Could act as the exact fuel needed to drive $SOL straight to our $112.89 target.
Hotter Inflation (> Forecast): Watch out for potential fakeouts or sharp rejections that could pivot the price back toward lower macro demand zones ($95â$99).
Manage your leverage, lock in profits along the way, and stay safe out there! đĄïžđ
Which targets are you aiming for tonight? Drop your thoughts below! đ
#Solana #SOL #CryptoTrading #ElliottWave #USCPI #BinanceSquare #TechnicalAnalysis