I'm looking at $SOL grinding upward, currently trading at 104.95 right below its 24h high of 105.00 while holding cleanly above the MA60 line at 104.70. The structure displays a steady series of higher lows, but momentum is running right into a tight ceiling without explosive volume.
Price is pressing against the 105.00 resistance zone after climbing from the 100.43 low. I'd like to see a mild pullback toward the rising MA60 support around 104.70 rather than chasing the breakout directly at resistance. A breakdown below the MA60 would weaken the immediate uptrend and invalidate this continuation setup.
Trade idea:
📍 Entry: 104.65 - 104.75
🎯 TP1: 105.00
🎯 TP2: 105.35
🎯 TP3: 105.80
🛑 Invalidation: 104.40
A drop below 104.40 breaks the short-term ascending structure and signals a deeper retracement.
Watching the reaction at the 24h high rather than forcing it.
Price is pressing against the 105.00 resistance zone after climbing from the 100.43 low. I'd like to see a mild pullback toward the rising MA60 support around 104.70 rather than chasing the breakout directly at resistance. A breakdown below the MA60 would weaken the immediate uptrend and invalidate this continuation setup.
Trade idea:
📍 Entry: 104.65 - 104.75
🎯 TP1: 105.00
🎯 TP2: 105.35
🎯 TP3: 105.80
🛑 Invalidation: 104.40
A drop below 104.40 breaks the short-term ascending structure and signals a deeper retracement.
Watching the reaction at the 24h high rather than forcing it.