I'm looking at $SOL /USDT around 97.12, and the short-term chart is still weak. Price is sitting below the visible MA60 at 97.19, after dropping from the recent area around 97.33 and finding a bounce near 97.08.
For me, 97.08 is the key nearby support because price has reacted there on the chart. I'd like to see price reclaim 97.19 and hold above it before considering the setup attractive. If that happens, the next visible areas are around 97.24 and 97.31ā97.33.
š Entry: 97.12ā97.19, only if price shows strength and holds the area
šÆ TP1: 97.24
šÆ TP2: 97.31
šÆ TP3: 97.33
š Invalidation: Below 97.08
If price loses 97.08, I'd step away from this setup because that's the clearest recent low visible on the chart, and the current structure would remain under pressure.
The setup is still uncertain while SOL trades below the MA60. I'm watching whether buyers can reclaim 97.19 rather than assuming the bounce will continue.
For me, 97.08 is the key nearby support because price has reacted there on the chart. I'd like to see price reclaim 97.19 and hold above it before considering the setup attractive. If that happens, the next visible areas are around 97.24 and 97.31ā97.33.
š Entry: 97.12ā97.19, only if price shows strength and holds the area
šÆ TP1: 97.24
šÆ TP2: 97.31
šÆ TP3: 97.33
š Invalidation: Below 97.08
If price loses 97.08, I'd step away from this setup because that's the clearest recent low visible on the chart, and the current structure would remain under pressure.
The setup is still uncertain while SOL trades below the MA60. I'm watching whether buyers can reclaim 97.19 rather than assuming the bounce will continue.
