SOL is at 75.25 and it is parked 40 cents off the low of its own range.
24h range: 82.38 high, 74.85 low. It gave back the entire session and is now sitting on the floor of it.
$271.2M traded to get it there - that is not a thin weekend wick, it is the heaviest volume of any loser on the board today.
The level is 74.85. Lose it and this range has nothing left to defend.
Funding is -0.0079% per 8h, so shorts are paying longs to stay short. Mild, nowhere near the -2% per 8h cap. No squeeze fuel stacked above, no forced seller trapped below.
So I am short the weekend grind, not chasing a bounce. I flip only if 82.38 gets reclaimed inside the day.
Does 74.85 hold into Monday - yes or no?
$SOL #Write2Earn
24h range: 82.38 high, 74.85 low. It gave back the entire session and is now sitting on the floor of it.
$271.2M traded to get it there - that is not a thin weekend wick, it is the heaviest volume of any loser on the board today.
The level is 74.85. Lose it and this range has nothing left to defend.
Funding is -0.0079% per 8h, so shorts are paying longs to stay short. Mild, nowhere near the -2% per 8h cap. No squeeze fuel stacked above, no forced seller trapped below.
So I am short the weekend grind, not chasing a bounce. I flip only if 82.38 gets reclaimed inside the day.
Does 74.85 hold into Monday - yes or no?
$SOL #Write2Earn