$SOL 1H LONG SIGNAL
SOL is showing a mildly bullish 1H structure after reclaiming all three moving averages.
Price is around $119.96, while the MA7 is $119.72, MA25 is $119.15 and MA99 is $119.21.
Long entry: $119.40–$119.90 retest
Stop Loss: $118.20–$118.60
Invalidation: 1H close below $118.20
TP1: $121.00
TP2: $#BitcoinRejectedAt$87K #ZcashETFPostsFirstWeeklyOutflow$93.6M
TP3: $123.70
The $120.10–$120.50 zone is the main battle area.
A breakout above $120.50 with increasing volume would strengthen the bullish setup.
If SOL loses $119 and closes below the moving-average cluster, I would cancel the long idea and wait.
The main issue is volume. Price has recovered, but the breakout still needs stronger participation.
$120.50 is the level to watch.
#FedOctoberRateHikeOddsFallTo17% #ZcashETFPostsFirstWeeklyOutflow$93.6M #GreekPoliceBustCryptoScamRingArrest17
SOL is showing a mildly bullish 1H structure after reclaiming all three moving averages.
Price is around $119.96, while the MA7 is $119.72, MA25 is $119.15 and MA99 is $119.21.
Long entry: $119.40–$119.90 retest
Stop Loss: $118.20–$118.60
Invalidation: 1H close below $118.20
TP1: $121.00
TP2: $#BitcoinRejectedAt$87K #ZcashETFPostsFirstWeeklyOutflow$93.6M
TP3: $123.70
The $120.10–$120.50 zone is the main battle area.
A breakout above $120.50 with increasing volume would strengthen the bullish setup.
If SOL loses $119 and closes below the moving-average cluster, I would cancel the long idea and wait.
The main issue is volume. Price has recovered, but the breakout still needs stronger participation.
$120.50 is the level to watch.
#FedOctoberRateHikeOddsFallTo17% #ZcashETFPostsFirstWeeklyOutflow$93.6M #GreekPoliceBustCryptoScamRingArrest17