$SOL Analysis: Is the $100 Floor Holding? 📉🚀

Solana is currently fighting for its life at the $100 psychological level. After a 6% drop today, we are seeing some heavy liquidations, but the chart is screaming "caution."

Current Situation:

Price: $101.75

Trend: Heavily bearish on the 1D/1W charts.

The Trap: We just saw a wick down to $95.50. While it bounced, the volume on the recovery isn't convincing yet.

🎯 Trade Setup

Entry Zone (The "Wait & See"): Look for entries between $100 - $102. Don't fomo in; let the price stabilize first.

Take Profit (Targets):

$114.00 (First major roadblock)

$122.50 (If the market flips bullish)

Stop Loss (Protect your capital): Close the trade if it breaks below $94.80. If $95 goes, the next stop could be $85.

💡 Pro Tip: The Daily MA(200) is way up at $169. This means we are in a "sell the bounce" market. Keep your leverage low and don't get married to the position.

What do you think? Is $100 the bottom or are we going lower? 👇

#SOL #Solana #CryptoTrading #TechnicalAnalysis #BinanceSquare