$SOL is back at the lid of its 4-day box.
Binance SOL/USDT 4H, ~12:00 IST Monday:
- Price ~$105.8, +2.3% on 24h (BTC +1.4%)
- Bounced ~5.5% from Sunday night's $100.43 low
- Oct 15 ($106.5) and Oct 16 ($107.4) pushes into this zone both got sold
The map I'm watching:
LID: ~$106.3–107.4, today's high so far is $105.99
TRIGGER: a 4H close above ~$107.5 opens ~$108.3–109, the Oct 13–14 shelf
HOLD: ~$103.8–104.1, where today's bounce started building
INVALID: a 4H close under ~$100.4 (the floor tagged on Oct 15 and Oct 18)
Inside the box, the middle is noise. A wick through the lid isn't a breakout; a close is.
Break the lid this week, or one more rejection? Reply BREAK or LID.
For discussion, not financial advice.
#Solana #BinanceSquare #Altcoins
Binance SOL/USDT 4H, ~12:00 IST Monday:
- Price ~$105.8, +2.3% on 24h (BTC +1.4%)
- Bounced ~5.5% from Sunday night's $100.43 low
- Oct 15 ($106.5) and Oct 16 ($107.4) pushes into this zone both got sold
The map I'm watching:
LID: ~$106.3–107.4, today's high so far is $105.99
TRIGGER: a 4H close above ~$107.5 opens ~$108.3–109, the Oct 13–14 shelf
HOLD: ~$103.8–104.1, where today's bounce started building
INVALID: a 4H close under ~$100.4 (the floor tagged on Oct 15 and Oct 18)
Inside the box, the middle is noise. A wick through the lid isn't a breakout; a close is.
Break the lid this week, or one more rejection? Reply BREAK or LID.
For discussion, not financial advice.
#Solana #BinanceSquare #Altcoins