$SOL is back at $119 & this is actually a critical area for both Shorts & Longs
SOL has already made a strong move from the $70s and now it's sitting around a major weekly and monthly resistance zone. BTC also pushed through the old $82K area and is now above $86K so I don't want to fight the market blindly here
My long plan is a pullback into $109.5 to $113. If that holds I'll watch $122.5 first then $128 and $137
But if SOL never gives the pullback and runs straight into $123 to $128, I'll watch that area for a rejection and possible short
No blind short at resistance tho 😭 if SOL breaks $128 and actually holds above it, I'm dropping the short idea completely & getting along with trend . Iykyk😄
The actual trade I'd prioritize
LONG on pullback > SHORT at resistance
But the short becomes interesting if SOL runs directly into $123 to $128 and gives us the rejection.
So basically:
$109.5 to $113 → long zone
$104 to $107 → deeper long zone
$122.5 → first resistance
$123 to $128 → decision zone
Above $128 with acceptance → no short
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SOL has already made a strong move from the $70s and now it's sitting around a major weekly and monthly resistance zone. BTC also pushed through the old $82K area and is now above $86K so I don't want to fight the market blindly here
My long plan is a pullback into $109.5 to $113. If that holds I'll watch $122.5 first then $128 and $137
But if SOL never gives the pullback and runs straight into $123 to $128, I'll watch that area for a rejection and possible short
No blind short at resistance tho 😭 if SOL breaks $128 and actually holds above it, I'm dropping the short idea completely & getting along with trend . Iykyk😄
The actual trade I'd prioritize
LONG on pullback > SHORT at resistance
But the short becomes interesting if SOL runs directly into $123 to $128 and gives us the rejection.
So basically:
$109.5 to $113 → long zone
$104 to $107 → deeper long zone
$122.5 → first resistance
$123 to $128 → decision zone
Above $128 with acceptance → no short
Follow For More Interesting Updates & Setups...
#solana
