*$SOL Trade Setup - Day Trade Long*
Current: $83.10
*Context*: #sol down hard with BTC $75.4K, macro panic: Fed hike odds 62%, 10Y 4.58%, oil $111, DXY 99.4. Broke $90 major support, now in 2024 Q2 price zone. 4H RSI 35 deeply oversold, but no reversal yet. ETF narrative paused, SUI taking L1 mindshare. No SOL-specific news. High time frame still bearish unless $100 reclaimed.
*Long Setup*
- *Bias*: High-risk oversold scalp only. Needs BTC bounce + capitulation volume.
- *Entry*: $80.50–$81.80 on sweep of $80 psychological level + 5m bullish engulfing with 1.5x avg volume. Must see BTC hold $75K.
- *Stop-Loss*: $78.20, below $78.90 May low. ∼4.5% risk. Hard exit if BTC loses $74.5K.
- *Targets*: T1 $86.00 prior 4H support, T2 $90.00 round number/rsi reset, T3 $95.00 if broad market relief. Take 60% at T1.
*Risk*: Downtrend intact. If $80 fails, next liquidity $72. Macro rules all L1s. Fed/oil fears = alts sell first.
_Not financial advice. Oversold ≠ buy signal. Size 0.25x normal, no swing holds until $100 flips._
$SOL $OPEN
#SECHaltsInnovationExemption #OpenLedger #BankOfAmericaDiscloses53MCryptoETF #SaylorConsidersBTCYearEndSale
Current: $83.10
*Context*: #sol down hard with BTC $75.4K, macro panic: Fed hike odds 62%, 10Y 4.58%, oil $111, DXY 99.4. Broke $90 major support, now in 2024 Q2 price zone. 4H RSI 35 deeply oversold, but no reversal yet. ETF narrative paused, SUI taking L1 mindshare. No SOL-specific news. High time frame still bearish unless $100 reclaimed.
*Long Setup*
- *Bias*: High-risk oversold scalp only. Needs BTC bounce + capitulation volume.
- *Entry*: $80.50–$81.80 on sweep of $80 psychological level + 5m bullish engulfing with 1.5x avg volume. Must see BTC hold $75K.
- *Stop-Loss*: $78.20, below $78.90 May low. ∼4.5% risk. Hard exit if BTC loses $74.5K.
- *Targets*: T1 $86.00 prior 4H support, T2 $90.00 round number/rsi reset, T3 $95.00 if broad market relief. Take 60% at T1.
*Risk*: Downtrend intact. If $80 fails, next liquidity $72. Macro rules all L1s. Fed/oil fears = alts sell first.
_Not financial advice. Oversold ≠ buy signal. Size 0.25x normal, no swing holds until $100 flips._
$SOL $OPEN
#SECHaltsInnovationExemption #OpenLedger #BankOfAmericaDiscloses53MCryptoETF #SaylorConsidersBTCYearEndSale