$SOL tried again today and got slapped right at 103.7 😅
Thats the 4H EMA50 doing its job again, its been capping every bounce since the 120 top. Price now around 101.4, still stuck in this 99 to 103.5 box for like 5 days.
For me the floor is 100 then the 98.6 wick from Saturday. Lose 98.6 on a 4H close and honestly i think 95 shows up fast.
Flip side, a clean 4H close over 103.7 and it finally breaks the downtrend, then 105.7 is next.
Fed night so expect some silly wicks both ways. Anyone else just waiting for the range to break?
nfa, late night chart check before sleep
#SOL #Solana #CryptoTrading
Thats the 4H EMA50 doing its job again, its been capping every bounce since the 120 top. Price now around 101.4, still stuck in this 99 to 103.5 box for like 5 days.
For me the floor is 100 then the 98.6 wick from Saturday. Lose 98.6 on a 4H close and honestly i think 95 shows up fast.
Flip side, a clean 4H close over 103.7 and it finally breaks the downtrend, then 105.7 is next.
Fed night so expect some silly wicks both ways. Anyone else just waiting for the range to break?
nfa, late night chart check before sleep
#SOL #Solana #CryptoTrading
