$SOL AT A CRITICAL LEVEL… THE NEXT MOVE COULD BE IMPORTANT! 🔥
$SOL is approaching an interesting decision point after recovering from its recent decline.
The bounce from $101.69 initially showed promising buying interest, but the market hasn’t managed to establish strength above $108.50–$108.90.
What catches my attention is the repeated hesitation near resistance. Buyers are attempting to recover, but sellers continue to defend the upper range.
📊 CURRENT MARKET STRUCTURE
🔴 Market Bias: Bearish
🚧 Major Resistance: $108.50–$108.90
📍 Immediate Support: $106.80
⚠️ Bearish Invalidation Watch: Above $108.90
🔥 SHORT SETUP — $SOL
Entry ➜ $107.80–$108.50
TP1 ➜ $106.30
TP2 ➜ $104.80
TP3 ➜ $102.50
SL ➜ $109.40
A confirmed breakdown below $106.80 would strengthen the bearish structure and increase the possibility of another move toward the lower support zones.
On the other hand, a sustained breakout above $108.90 could signal that buyers are finally gaining control.
Until then, I see the recovery as vulnerable rather than a confirmed bullish reversal.
$SOL is approaching an interesting decision point after recovering from its recent decline.
The bounce from $101.69 initially showed promising buying interest, but the market hasn’t managed to establish strength above $108.50–$108.90.
What catches my attention is the repeated hesitation near resistance. Buyers are attempting to recover, but sellers continue to defend the upper range.
📊 CURRENT MARKET STRUCTURE
🔴 Market Bias: Bearish
🚧 Major Resistance: $108.50–$108.90
📍 Immediate Support: $106.80
⚠️ Bearish Invalidation Watch: Above $108.90
🔥 SHORT SETUP — $SOL
Entry ➜ $107.80–$108.50
TP1 ➜ $106.30
TP2 ➜ $104.80
TP3 ➜ $102.50
SL ➜ $109.40
A confirmed breakdown below $106.80 would strengthen the bearish structure and increase the possibility of another move toward the lower support zones.
On the other hand, a sustained breakout above $108.90 could signal that buyers are finally gaining control.
Until then, I see the recovery as vulnerable rather than a confirmed bullish reversal.