🔥 $SOL consolidating around $109.5: Relief bounce or preparing to test $105 support?
Took a close look at the 4H $SOL/USDT chart following the sell-off to $105.71.
Price is currently moving sideways near $109.54, but bulls are facing strong resistance overhead near $111.3 - $114.1 (Supertrend & EMA zones).
Here is how I’m playing this $SOL setup:
• Short Scalp Scenario: If price gets rejected near $111.0 - $112.5 resistance, looking for a retest back towards the $106.0 - $105.7 support zone.
• Bullish Trigger: Needs a strong 4H candle close above $113.0 to break the bearish structure and open up momentum toward $116.5+.
My Key Levels:
• Target: $105.80 (Short) / $116.00 (Long)
• Invalidation (SL): $113.20 (Short) / $107.50 (Long)
Volume is decreasing on this consolidation, which means a big move is building up soon.
Are you buying the dip at $105 or waiting for a breakout above $113? Let me know below! 👇
Not financial advice. Trade with tight risk management.
#Write2Earn #SOL #Solana #CryptoAnalysis #BinanceSquare #CryptoTrading
$SOL
Took a close look at the 4H $SOL/USDT chart following the sell-off to $105.71.
Price is currently moving sideways near $109.54, but bulls are facing strong resistance overhead near $111.3 - $114.1 (Supertrend & EMA zones).
Here is how I’m playing this $SOL setup:
• Short Scalp Scenario: If price gets rejected near $111.0 - $112.5 resistance, looking for a retest back towards the $106.0 - $105.7 support zone.
• Bullish Trigger: Needs a strong 4H candle close above $113.0 to break the bearish structure and open up momentum toward $116.5+.
My Key Levels:
• Target: $105.80 (Short) / $116.00 (Long)
• Invalidation (SL): $113.20 (Short) / $107.50 (Long)
Volume is decreasing on this consolidation, which means a big move is building up soon.
Are you buying the dip at $105 or waiting for a breakout above $113? Let me know below! 👇
Not financial advice. Trade with tight risk management.
#Write2Earn #SOL #Solana #CryptoAnalysis #BinanceSquare #CryptoTrading
$SOL