๐Ÿ”ฅ SOL/USDT | 1H

Price: 121.18 (+2.66%)

Bias: Bullish, but cooling off after the spike

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๐Ÿ‘€ WHAT I SEE

โ†’ Broke above the red Supertrend line and ran to 123.76 on a big volume spike

โ†’ Now pulling back, price is sitting right on MA7 (121.31)

โ†’ SAR (119.53) and Supertrend (118.77) have both flipped bullish

โ†’ MA25, MA99 and Supertrend are all stacked around 118.8 โ€“ 118.9, that's a strong cushion

โ†’ Order book is almost 70% sell side, so sellers are active near the top

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๐Ÿ“ LEVELS

Support: 120.00 / 119.50 / 118.80

Resistance: 122.50 / 123.76 / 125.00

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๐ŸŽฏ TRADE PLAN (LONG)

Entry: 120.00 โ€“ 120.80

SL: 118.50

TP1: 122.50

TP2: 123.70

TP3: 125.50

Breakout option: only after a 1H close above 123.80

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โš ๏ธ INVALIDATION

1H close below 118.50 and the setup is done

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๐Ÿง  BIGGER PICTURE

+48% in 90 days but -44% over 1 year, so this is still a recovery bounce. Keep size small.

NFA. DYOR. $SOL