Daily chart is giving us a very clear picture right now๐
Weโve been chopping around, but price is currently compressing right at the bottom of this local range.
Look at the $100-$102 zone. This was our previous consolidation floor back in late August/early September.
We broke out hard, tagged $124, and now weโve come right back to retest the scene of the crime.
Right now, $SOL is printing around $101.31. Itโs sitting directly on support. If we lose this orange box, things get ugly fast and we probably look for a wick down into the low $90s.
Butโฆ if this support holds, we get a nice entry for a relief bounce back toward the $110s.
$SOL
Weโve been chopping around, but price is currently compressing right at the bottom of this local range.
Look at the $100-$102 zone. This was our previous consolidation floor back in late August/early September.
We broke out hard, tagged $124, and now weโve come right back to retest the scene of the crime.
Right now, $SOL is printing around $101.31. Itโs sitting directly on support. If we lose this orange box, things get ugly fast and we probably look for a wick down into the low $90s.
Butโฆ if this support holds, we get a nice entry for a relief bounce back toward the $110s.
$SOL
