$SOL: a fast candle can look convincing before it closes.
Square's CPI discussion has me watching SOL's reaction, without borrowing anyone's inflation forecast. The useful question is whether a move can hold after the initial reaction. Futures is at 107.600, and the last 24 completed 1H candles set range boundaries at 105.580 and 109.010.
A push above the high that closes back inside would be a failed breakout, not evidence of sustained upside. An hourly close above it followed by a hold would be more constructive. A close below the low would weaken the recovery case. Until those conditions appear, this stays a watchlist idea.
Square's CPI discussion has me watching SOL's reaction, without borrowing anyone's inflation forecast. The useful question is whether a move can hold after the initial reaction. Futures is at 107.600, and the last 24 completed 1H candles set range boundaries at 105.580 and 109.010.
A push above the high that closes back inside would be a failed breakout, not evidence of sustained upside. An hourly close above it followed by a hold would be more constructive. A close below the low would weaken the recovery case. Until those conditions appear, this stays a watchlist idea.