$SOL — 1H Chart Read 📊
SOL is at a pretty clean decision point here.
The broader 1H structure is still bearish after the rejection from $104.82, but the price has started stabilizing around $96–98. The key level now is the $99.21 Supertrend. SOL is sitting just below it, so I’d wait for confirmation rather than forcing an entry.
Recent market analysis also has $95–96 as an important support area, while reclaiming roughly $101–103 would improve the structure considerably.
Key levels
Resistance: $99.20–$99.35
Major resistance: $101.30–$102.70
Support: $97.30
Major support: $95.82
Next downside: $94–$95
Short setup
Entry: $98.70–$99.20 on rejection
SL: $100.10
TP1: $97.30
TP2: $95.82
TP3: $94.50
I like the retest + rejection setup more than shorting at $97.95. The price is already sitting close to the middle of the range.
The order book is also slightly seller-heavy here, around 56.71% asks vs 43.29% bids, which adds some weight to the short-term bearish structure.
Bullish flip 👀
If SOL gets a clean 1H close above $99.21 and holds the retest, I’d stop looking for the immediate short.
Then the levels to watch become:
$100 → $101.30 → $102.70
Above $102.70, the structure would look much healthier.
Bias: Bearish below $99.21.
Best setup: rejection near $99 → targets $97.3 / $95.82.
The key here is simple: $95.82 is the floor, $99.21 is the reclaim. Let SOL show which side it wants before committing.
#Write2Earn
SOL is at a pretty clean decision point here.
The broader 1H structure is still bearish after the rejection from $104.82, but the price has started stabilizing around $96–98. The key level now is the $99.21 Supertrend. SOL is sitting just below it, so I’d wait for confirmation rather than forcing an entry.
Recent market analysis also has $95–96 as an important support area, while reclaiming roughly $101–103 would improve the structure considerably.
Key levels
Resistance: $99.20–$99.35
Major resistance: $101.30–$102.70
Support: $97.30
Major support: $95.82
Next downside: $94–$95
Short setup
Entry: $98.70–$99.20 on rejection
SL: $100.10
TP1: $97.30
TP2: $95.82
TP3: $94.50
I like the retest + rejection setup more than shorting at $97.95. The price is already sitting close to the middle of the range.
The order book is also slightly seller-heavy here, around 56.71% asks vs 43.29% bids, which adds some weight to the short-term bearish structure.
Bullish flip 👀
If SOL gets a clean 1H close above $99.21 and holds the retest, I’d stop looking for the immediate short.
Then the levels to watch become:
$100 → $101.30 → $102.70
Above $102.70, the structure would look much healthier.
Bias: Bearish below $99.21.
Best setup: rejection near $99 → targets $97.3 / $95.82.
The key here is simple: $95.82 is the floor, $99.21 is the reclaim. Let SOL show which side it wants before committing.
#Write2Earn
