$SOL is holding its ground after a V-shaped recovery from 100.43, with price now pressing into the 105 handle.
Consecutive higher lows on the 1h show buyers have taken over the short-term structure, and 103.54 is acting as a solid floor.
EP
104.60 - 105.40
TP
106.22
107.50
109.00
SL
103.20
The sweep at 100.43 flushed out late longs and was met with a steep, high-volume reversal, leaving a clean demand zone behind it. Since then, dips have been shallow and bought quickly around 104, while the rejection wicks near 106.22 mark where supply is concentrated. A decisive 1h close above that high shifts the focus to the liquidity resting at 107 and beyond. Below 103.54, the structure weakens and this idea is off the table.
What's your read on $SOL: breakout through 106 or one more pullback before continuation? Share your target below.
Let's go $SOL
Consecutive higher lows on the 1h show buyers have taken over the short-term structure, and 103.54 is acting as a solid floor.
EP
104.60 - 105.40
TP
106.22
107.50
109.00
SL
103.20
The sweep at 100.43 flushed out late longs and was met with a steep, high-volume reversal, leaving a clean demand zone behind it. Since then, dips have been shallow and bought quickly around 104, while the rejection wicks near 106.22 mark where supply is concentrated. A decisive 1h close above that high shifts the focus to the liquidity resting at 107 and beyond. Below 103.54, the structure weakens and this idea is off the table.
What's your read on $SOL: breakout through 106 or one more pullback before continuation? Share your target below.
Let's go $SOL