$SOL traded under 80 today for the first time since Aug 19. Low 77.92, ~38% under the Sep 27 high (124.95).
Trend: Neutral (4H down, PPI at 13:30 UTC)
🎯 Entry long: 75.5 – 76.5 (after a 1H close above 76; valid to Nov 15, 00:00 UTC)
✅ TP1: 81.2
✅ TP2: 85.4 (above 1D resistance 83.98)
✅ TP3: 88.5
🛑 SL: 70.2
📊 Logic:
• SOL closed between 71.9 and 78.2 every day from Jul 8 to Aug 18, then spiked to 87 intraday on Aug 19. Lowest wick there: 70.58 (Aug 1).
• 1D RSI 22, funding -0.004%, OI -5% in 24h: leverage leaving.
• Macro: core CPI +0.3% in October; Dec 9 hike odds ~85-90% (FedWatch, per BeInCrypto). $BTC broke 68K today, $1B+ liquidated. A hot PPI can drag SOL into the zone.
• Risk: 4H trend down, no SOL-specific catalyst. Small size.
⚠️ Invalidation: a 4H close below 74 = exit early; 70.2 is the hard stop, under the Aug 1 wick. If 84 prints before a fill, skip.
76 = BASE or BELOW? Drop one word 👇
#SOL #PPI #MarketUpdate $SOL
Disclaimer: Not financial advice. DYOR.
Trend: Neutral (4H down, PPI at 13:30 UTC)
🎯 Entry long: 75.5 – 76.5 (after a 1H close above 76; valid to Nov 15, 00:00 UTC)
✅ TP1: 81.2
✅ TP2: 85.4 (above 1D resistance 83.98)
✅ TP3: 88.5
🛑 SL: 70.2
📊 Logic:
• SOL closed between 71.9 and 78.2 every day from Jul 8 to Aug 18, then spiked to 87 intraday on Aug 19. Lowest wick there: 70.58 (Aug 1).
• 1D RSI 22, funding -0.004%, OI -5% in 24h: leverage leaving.
• Macro: core CPI +0.3% in October; Dec 9 hike odds ~85-90% (FedWatch, per BeInCrypto). $BTC broke 68K today, $1B+ liquidated. A hot PPI can drag SOL into the zone.
• Risk: 4H trend down, no SOL-specific catalyst. Small size.
⚠️ Invalidation: a 4H close below 74 = exit early; 70.2 is the hard stop, under the Aug 1 wick. If 84 prints before a fill, skip.
76 = BASE or BELOW? Drop one word 👇
#SOL #PPI #MarketUpdate $SOL
Disclaimer: Not financial advice. DYOR.
