SOL IS FIGHTING TO HOLD SUPPORT BUT THE CHART SAYS WAIT
Solana dumped to 102 today and scraped back to 108 dollars closing almost unchanged
The daily doji has a lower wick covering 90 percent of the range which shows dip buyers are active at this level
But price still sits below the 7 day average near 110 and SOL is down 10 percent on the week
That makes this a support test in progress not a confirmed bottom
If 102 to 105 holds this week it can spring back to 120 fast but if it cracks the 30 day low near 96 comes into play
My call is HOLD
Wait for a daily close back above 110 dollars before buying
Stop loss below 102 dollars on any long
Target 120 dollars on a reclaim
My take as an analyst? Patience beats heroics here because buying under a falling weekly average turns winners into chop trades
Would you buy SOL here at 108 or wait for the 110 reclaim first?
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #Solana
Solana dumped to 102 today and scraped back to 108 dollars closing almost unchanged
The daily doji has a lower wick covering 90 percent of the range which shows dip buyers are active at this level
But price still sits below the 7 day average near 110 and SOL is down 10 percent on the week
That makes this a support test in progress not a confirmed bottom
If 102 to 105 holds this week it can spring back to 120 fast but if it cracks the 30 day low near 96 comes into play
My call is HOLD
Wait for a daily close back above 110 dollars before buying
Stop loss below 102 dollars on any long
Target 120 dollars on a reclaim
My take as an analyst? Patience beats heroics here because buying under a falling weekly average turns winners into chop trades
Would you buy SOL here at 108 or wait for the 110 reclaim first?
#BinanceSquare #WriteToEarn #Crypto #Bitcoin #Solana