$SOL defended the 4h ema200 yesterday and the local
structure is still intact.
As long as price stays above the support zone the immediate bias remains long. One clean level is doing all the work.
Support at $72.20-$73.60 is the confluence of the 4h Ema200 and the HTF bullish order block.
Resistance at $80.30-$81.50 is a bearish breaker cluster stacked with the daily Ema100.
Game plan:
Ladder bids around $73.50 on a retest of the support zone targeting $80. alternatively wait for a clean flip of $76 as confirmation to chase the breakout toward the same target.
A 4h close below $73.00 breaks the structure entirely. Short toward $70.00 if that level loses.
structure is still intact.
As long as price stays above the support zone the immediate bias remains long. One clean level is doing all the work.
Support at $72.20-$73.60 is the confluence of the 4h Ema200 and the HTF bullish order block.
Resistance at $80.30-$81.50 is a bearish breaker cluster stacked with the daily Ema100.
Game plan:
Ladder bids around $73.50 on a retest of the support zone targeting $80. alternatively wait for a clean flip of $76 as confirmation to chase the breakout toward the same target.
A 4h close below $73.00 breaks the structure entirely. Short toward $70.00 if that level loses.