Something like this for $SOL over the next week or so imo. $BTC still looks heavy, so I’d like to see $SOL form a higher low somewhere around 72/74 before we start clearing all those highs sitting around $80. For me, that would be a much cleaner setup than chasing strength into resistance. If we get the higher low and reclaim momentum, I think the move could get interesting quickly. I won’t be satisfied with spot buying until we tag that $50 level.
The $TAO positioning is more interesting than the chart right now. The most profitable traders are still net short, while retail is heavily long and already underwater. That’s a serious imbalance. But I’m not blindly fading either side. Price still needs to confirm the setup. If $TAO squeezes shorts, we could see a violent move higher. If retail capitulates first, the downside opens up. Right now, positioning and price aren’t aligned. I’ll wait for that divergence to resolve. That’s where the real opportunity usually appears.