SOL IS HOLDING THE 116$ RESISTANCE ZONE!!
đą $SOL â BREAKOUT LONG
Current: ~$116.3
đą Entry: $115.2 â $116.2
đŻ TP1: $118.5
đŻ TP2: $122
đŻ TP3: $127
đ SL: $112.8
WHY đ
âą SOL has moved from ~$108 to $116+, showing strong momentum rather than simply grinding into resistance.
âą The important thing now is the $115â116 area. A successful hold above it would turn the previous resistance into support. Recent technical analysis also identifies ~$115.6 as the key resistance/VWAP area.
âą Today's high is around $116.52, so a clean break above ~$116.5 would provide the breakout confirmation.
âą The broader market is also supporting the move: recent market data has SOL outperforming BTC and ETH during the current recovery.
đ„ TRADE LOGIC:
$115.2â116.2 holds â $118.5 â $122 â $127.
đ If SOL closes above $116.5 and retests $116 without losing it, that's the strongest confirmation.
â Below $112.8 = invalidate.
â ïž Don't blindly market-buy at $116.5 after the breakout. The cleaner entry is the $115â116 retest.
đ Trade $SOL below
đŹ $120 next or $116 rejection? đ
$SOL
đą $SOL â BREAKOUT LONG
Current: ~$116.3
đą Entry: $115.2 â $116.2
đŻ TP1: $118.5
đŻ TP2: $122
đŻ TP3: $127
đ SL: $112.8
WHY đ
âą SOL has moved from ~$108 to $116+, showing strong momentum rather than simply grinding into resistance.
âą The important thing now is the $115â116 area. A successful hold above it would turn the previous resistance into support. Recent technical analysis also identifies ~$115.6 as the key resistance/VWAP area.
âą Today's high is around $116.52, so a clean break above ~$116.5 would provide the breakout confirmation.
âą The broader market is also supporting the move: recent market data has SOL outperforming BTC and ETH during the current recovery.
đ„ TRADE LOGIC:
$115.2â116.2 holds â $118.5 â $122 â $127.
đ If SOL closes above $116.5 and retests $116 without losing it, that's the strongest confirmation.
â Below $112.8 = invalidate.
â ïž Don't blindly market-buy at $116.5 after the breakout. The cleaner entry is the $115â116 retest.
đ Trade $SOL below
đŹ $120 next or $116 rejection? đ
$SOL