SOL waits; no clear edge yet.

$SOL /USDT: NO TRADE YET, waiting for one side to break
Bias: NEUTRAL · 3 bullish vs 2 bearish

The plan is conditional:
LONG on a 1h close above 106.8376 → targets 108.6531 / 109.8634 / 111.6790, stop 104.4168
SHORT on a 1h close below 103.2424 → targets 101.4269 / 100.2166 / 98.4010, stop 105.6632
In between (3.5% wide): no edge, no trade.

Technical read: NEUTRAL. 3 of 12 signals bullish, 2 bearish, 7 undecided.
What leans up:
• BTC is rising, this coin follows (corr 0.87)
• Buyers have the momentum (1h RSI 57.9)
What leans down:
• 4h trend down (below EMA50 & EMA200)
• Sellers have the momentum (4h RSI 44.8)

My read:
There is no edge right now because the daily trend is range-bound and the 1h trend is undecided. The strongest bullish factor is BTC backdrop (BTC trend bullish and correlation 0.87), while the strongest bearish factor is the 4h bearish stack (price below EMA50 below EMA200). Wait for a daily close beyond the trigger levels.

Where do you see the first daily close?

Levels mapped on the chart below.

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⚠️ Personal market analysis only. NFA — manage risk and DYOR.
Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.