🔥 $SOL testing $111.80 resistance: Short setup or Breakout coming?
Looking closely at the 4H SOL chart after that bounce off the $105.71 bottom.
Price is currently hovering around $111.08, but we are heading straight into a heavy resistance zone between $111.80 and $113.30. Here is my personal breakdown:
📉 Primary Setup (Short Entry):
I'm leaning towards a Short Position if we see a rejection around $111.80 - $112.50. Upside momentum is slowing down, and a pullback to retest the $107.50 - $106.00 support looks very likely.
📈 Alternative Setup (Long Breakout):
I will only flip bullish for a Buy Entry if we get a strong 4H candle close above $113.50, targeting $117.00+.
Key Levels to Watch:
• Short Entry Zone: $111.80 - $112.50
• Take Profit Target: $106.50
• Stop Loss: $113.60
How are you playing this SOL zone—Shorting the resistance or waiting for a breakout? Drop your thoughts below! 👇
Not financial advice. Trade with strict risk management.
#Write2Earn #SOL #Solana #CryptoAnalysis #BinanceSquare #CryptoTrading
$SOL
Looking closely at the 4H SOL chart after that bounce off the $105.71 bottom.
Price is currently hovering around $111.08, but we are heading straight into a heavy resistance zone between $111.80 and $113.30. Here is my personal breakdown:
📉 Primary Setup (Short Entry):
I'm leaning towards a Short Position if we see a rejection around $111.80 - $112.50. Upside momentum is slowing down, and a pullback to retest the $107.50 - $106.00 support looks very likely.
📈 Alternative Setup (Long Breakout):
I will only flip bullish for a Buy Entry if we get a strong 4H candle close above $113.50, targeting $117.00+.
Key Levels to Watch:
• Short Entry Zone: $111.80 - $112.50
• Take Profit Target: $106.50
• Stop Loss: $113.60
How are you playing this SOL zone—Shorting the resistance or waiting for a breakout? Drop your thoughts below! 👇
Not financial advice. Trade with strict risk management.
#Write2Earn #SOL #Solana #CryptoAnalysis #BinanceSquare #CryptoTrading
$SOL