$SOL is sitting 0.1% above its daily EMA20 at $116.333, and I'm calling it long from right here.
It's down 3.75% on the day, but the 30 day is still +12.08%, 6.9 points ahead of BTC. a dip inside a stronger month isn't a breakdown.
the ecosystem news is the reason I'm not fading it: the Solana Foundation launched DvP settlement with JPMorgan, and Raydium's token jumped 64% as tokenized stock trading shifts onto Solana.
the honest part: volume over the last 5 days is 0.50x the 20 days before, and the setup scores 8 out of 14, not 12. decent, not screaming.
$SOL trades at $116.44 right now. if it holds $116.333, I think it climbs to the 20-day mean at $118.117. if it loses $116.333, I'm wrong on this and there's nothing to defend, and anyone long is staring at the 24h low of $115.52 next.
holding $116.333 or losing it?
follow me for more calls like this.
It's down 3.75% on the day, but the 30 day is still +12.08%, 6.9 points ahead of BTC. a dip inside a stronger month isn't a breakdown.
the ecosystem news is the reason I'm not fading it: the Solana Foundation launched DvP settlement with JPMorgan, and Raydium's token jumped 64% as tokenized stock trading shifts onto Solana.
the honest part: volume over the last 5 days is 0.50x the 20 days before, and the setup scores 8 out of 14, not 12. decent, not screaming.
$SOL trades at $116.44 right now. if it holds $116.333, I think it climbs to the 20-day mean at $118.117. if it loses $116.333, I'm wrong on this and there's nothing to defend, and anyone long is staring at the 24h low of $115.52 next.
holding $116.333 or losing it?
follow me for more calls like this.