𝗙𝘂𝘁𝘂𝗿𝗲𝘀 𝗮𝗿𝗲 𝗿𝘂𝗻𝗻𝗶𝗻𝗴 𝘁𝗵𝗶𝘀 𝗿𝗮𝗹𝗹𝘆, 𝗻𝗼𝘁 𝘀𝗽𝗼𝘁.
$SOL is pressing $122 after reclaiming every major moving average, but derivatives volume is 10x spot. That's leverage, not conviction.
Open interest sits near $6.72B and funding just turned positive — longs now paying shorts. The bid is real, but it's borrowed.
I want a confirmed close above $122.88 and a retest that holds before entering. Entry zone sits around $118.50 to $120.50. Stop goes at $114.30. First target lands near $130, second near $140.
Support sits at $116, then $108–$110. Lose $114.30 and the impulse on $SOL dies.
Risk: Heavily leveraged move. If funding flips hard negative, the unwind gets ugly fast.
Trade here 👇🏻
Do you trust this leverage-driven rally or wait for spot volume to catch up?
#CircleMints500MUSDCOnSolana #PolymarketBankFailureBetsDrawFDICConcern #QNTRises39% #SECCommissionerPeirceToLeaveOct2 #SECSaysBuybacksUpgradesDontMakeTokenSecurity
$SOL is pressing $122 after reclaiming every major moving average, but derivatives volume is 10x spot. That's leverage, not conviction.
Open interest sits near $6.72B and funding just turned positive — longs now paying shorts. The bid is real, but it's borrowed.
I want a confirmed close above $122.88 and a retest that holds before entering. Entry zone sits around $118.50 to $120.50. Stop goes at $114.30. First target lands near $130, second near $140.
Support sits at $116, then $108–$110. Lose $114.30 and the impulse on $SOL dies.
Risk: Heavily leveraged move. If funding flips hard negative, the unwind gets ugly fast.
Trade here 👇🏻
Do you trust this leverage-driven rally or wait for spot volume to catch up?
#CircleMints500MUSDCOnSolana #PolymarketBankFailureBetsDrawFDICConcern #QNTRises39% #SECCommissionerPeirceToLeaveOct2 #SECSaysBuybacksUpgradesDontMakeTokenSecurity
