I'm looking at $SOL on the 15-minute chart here. After that sharp drop to the 24h low of 15,967, price has bounced back up, but it's stalling right around that MA60 line at 16,439. The momentum candles are getting shorter, which tells me the initial buying pressure is fading as we approach the 16,465 level.

For me, the zone between the recent high (16,465) and the MA60 is the key battle ground right now. I'd like to see a clean break and close above the 16,465 high with decent volume to consider a scalp long. If that happens, the next visible level to target would be the 24h high at 17,200.

What could go wrong is a simple rejection. Price is already fading from the high, and the volume (9.469 SOL) isn't screaming conviction to me yet.

📍 Entry: Above 16,465 (break of the recent minor high)
🎯 TP1: 16,800 (Mid-range)
🎯 TP2: 17,200 (24H High)
🛑 Invalidation: 16,409 (Below the MA60)

If price loses the 16,409 level, I'd step away from this setup because that would mean the bounce from the lows is failing and we are heading back down to test the 15,967 support again.

I’m watching this close for a clear breakout candle. Chasing it here without confirmation is a coin flip. I'd rather wait for the break.