SOLANA ( $SOL Bulls Preparing for a Potential Recovery? $93 and $98 Targets in Focus
The weekend could bring renewed momentum to the crypto market, and I’m watching Solana closely as we approach a new trading week.
My outlook for next week is bullish, and I don’t expect SOL to be left behind if buyers regain control of the broader market.
What I’m Seeing on the Daily Timeframe
Solana is showing signs of a potential bullish rejection around the $81.42 area.
I’m watching the daily candle closely. If it closes around this level with a clear rejection of lower prices, it could signal that buyers are stepping back into the market.
Following that move, I expect some consolidation between $79.52 and $81.42 before a possible bullish continuation.
My Trading Plan
I’m preparing a long position around the current price area, with the following levels:
* Entry area: Around $81.42
* Consolidation zone: $79.52–$81.42
* Stop Loss: $69.43
* Take Profit 1: $93.30
* Take Profit 2: $98.88
What I’m Expecting Next
My main focus is a recovery toward $93.30, followed by a possible extension toward $98.88 if bullish momentum strengthens.
However, confirmation is important. A failure to hold the $79.52 support area would weaken this setup, while a stronger market-wide sell-off could invalidate the bullish expectation.
I’m positioning with next week’s potential bullish momentum in mind, but I’ll let price action determine whether the setup plays out.
SOL remains on my watchlist. Let’s see what the bulls bring next week!
Not financial advice. Always manage your risk. $BTC
The weekend could bring renewed momentum to the crypto market, and I’m watching Solana closely as we approach a new trading week.
My outlook for next week is bullish, and I don’t expect SOL to be left behind if buyers regain control of the broader market.
What I’m Seeing on the Daily Timeframe
Solana is showing signs of a potential bullish rejection around the $81.42 area.
I’m watching the daily candle closely. If it closes around this level with a clear rejection of lower prices, it could signal that buyers are stepping back into the market.
Following that move, I expect some consolidation between $79.52 and $81.42 before a possible bullish continuation.
My Trading Plan
I’m preparing a long position around the current price area, with the following levels:
* Entry area: Around $81.42
* Consolidation zone: $79.52–$81.42
* Stop Loss: $69.43
* Take Profit 1: $93.30
* Take Profit 2: $98.88
What I’m Expecting Next
My main focus is a recovery toward $93.30, followed by a possible extension toward $98.88 if bullish momentum strengthens.
However, confirmation is important. A failure to hold the $79.52 support area would weaken this setup, while a stronger market-wide sell-off could invalidate the bullish expectation.
I’m positioning with next week’s potential bullish momentum in mind, but I’ll let price action determine whether the setup plays out.
SOL remains on my watchlist. Let’s see what the bulls bring next week!
Not financial advice. Always manage your risk. $BTC
