SOL Looks Quiet, But 133 Is Not Dead Yet ๐ฅ
This week of sideways action feels boring, but boring is not the same as broken. SOL is pressing the same ceiling and still has room if buyers finally show up.
๐ฅ Why I am watching
- 120.80 is the fight. It lines up with the 161.8% extension and the blue target zone.
- A full week of chop says neither side has won yet.
- The orange read still shows only 3 waves up from the 16 September low.
- That means a wave 4 pause and a wave 5 push can still complete the larger first leg.
๐ The part that matters
- Momentum is fading, so I am not jumping in just because the pullback looks small.
- A small pullback is the only reason the upside idea is still alive.
- 127.70 is the first zone that would make the push feel real.
- 133 is the next area if that move actually holds.
๐ฏ My trade idea
- Bias: Wait
- Trigger: break and hold over 120.80
- Target: 127.70 first, 133 if the push continues
- Invalidation: chop turns into a real breakdown and the small pullback stops being small
- Confidence: 61 percent that waiting is the right call
After a completed 5-wave advance, I would expect a 3-wave dip that still holds a higher low. Until then, hope is not a trigger.
Would you buy this quiet range or wait for the ceiling to break? ๐
Tell me the level that would flip your bias.
Not investment advice - research on your own! ๐
$SOL
This week of sideways action feels boring, but boring is not the same as broken. SOL is pressing the same ceiling and still has room if buyers finally show up.
๐ฅ Why I am watching
- 120.80 is the fight. It lines up with the 161.8% extension and the blue target zone.
- A full week of chop says neither side has won yet.
- The orange read still shows only 3 waves up from the 16 September low.
- That means a wave 4 pause and a wave 5 push can still complete the larger first leg.
๐ The part that matters
- Momentum is fading, so I am not jumping in just because the pullback looks small.
- A small pullback is the only reason the upside idea is still alive.
- 127.70 is the first zone that would make the push feel real.
- 133 is the next area if that move actually holds.
๐ฏ My trade idea
- Bias: Wait
- Trigger: break and hold over 120.80
- Target: 127.70 first, 133 if the push continues
- Invalidation: chop turns into a real breakdown and the small pullback stops being small
- Confidence: 61 percent that waiting is the right call
After a completed 5-wave advance, I would expect a 3-wave dip that still holds a higher low. Until then, hope is not a trigger.
Would you buy this quiet range or wait for the ceiling to break? ๐
Tell me the level that would flip your bias.
Not investment advice - research on your own! ๐
$SOL
