Solana $SOL has returned to the 105.00 resistance zone, and I’m taking another short from this area. The reason is that this zone has already acted as a key reaction level multiple times.
During the recent FOMC volatility, Solana dropped to around 96.00 but failed to continue down towards the 90.00 area I expected. Instead, it regained momentum and pushed back up toward this resistance zone. If price respects this level, I expect a move back toward 100.00 and then 95.00. If that stop-loss at 107.72 is broken instead of chasing, I would watch the 109 to 110 zone for a possible second short setup.
But if Solana breaks above 109 or 110 with strength, the bearish idea is basically invalidated, and I’d switch to watching for a larger bullish move towards 130 to 140. For me, the lesson is less about guessing direction and more about having a clear plan with entries, targets, and invalidation points. #FOMC $BNB
During the recent FOMC volatility, Solana dropped to around 96.00 but failed to continue down towards the 90.00 area I expected. Instead, it regained momentum and pushed back up toward this resistance zone. If price respects this level, I expect a move back toward 100.00 and then 95.00. If that stop-loss at 107.72 is broken instead of chasing, I would watch the 109 to 110 zone for a possible second short setup.
But if Solana breaks above 109 or 110 with strength, the bearish idea is basically invalidated, and I’d switch to watching for a larger bullish move towards 130 to 140. For me, the lesson is less about guessing direction and more about having a clear plan with entries, targets, and invalidation points. #FOMC $BNB
