SOL Microstructure Update: Shift from Possibility 1 → Possibility 2 ⚠️
Yesterday, the setup seemed to align with Possibility 1 for a cleaner relief bounce. However, looking at the price action today, the move up feels very weak and heavy, making Possibility 2 look much more likely now.
As long as price stays below $114.17 (Wave 4 Invalidation), we need to be prepared for a potential wave 5 continuation down toward $105.98 – $102.09.
Playing it safe and exercising patience. Don't force entries! 🛡️💎
#Solana #SOL #CryptoTrading #BinanceSquare #ElliottWave
Yesterday, the setup seemed to align with Possibility 1 for a cleaner relief bounce. However, looking at the price action today, the move up feels very weak and heavy, making Possibility 2 look much more likely now.
As long as price stays below $114.17 (Wave 4 Invalidation), we need to be prepared for a potential wave 5 continuation down toward $105.98 – $102.09.
Playing it safe and exercising patience. Don't force entries! 🛡️💎
#Solana #SOL #CryptoTrading #BinanceSquare #ElliottWave