$SOL just printed a textbook Change of Character.
After a bearish Break of Structure that pushed price down through the equilibrium zone, Solana found demand at the 81.8 POI and reversed. That reversal is now called a CHoCH, a structural signal that the short-term bearish order flow has flipped.
Price is currently at 88.91, pressing directly into a two-layer Supply POI zone between 89 and 91. This is the zone where sellers previously stepped in hard. Whether they defend it again will define the next 5 to 7 days for SOL.
What this means: The CHoCH does not confirm a full trend reversal on its own. It is a warning to bears and an opportunity signal for bulls. If price closes a daily candle above 91, the supply zone is consumed and the next leg higher opens. If sellers hold and push price back below 87, the CHoCH fails and bearish structure resumes.
One of these two scenarios plays out in the next few sessions. Which side are you positioned on?
Follow for daily crypto breakdowns.
#solana #sol #altcoin #crypto #bitcoin
After a bearish Break of Structure that pushed price down through the equilibrium zone, Solana found demand at the 81.8 POI and reversed. That reversal is now called a CHoCH, a structural signal that the short-term bearish order flow has flipped.
Price is currently at 88.91, pressing directly into a two-layer Supply POI zone between 89 and 91. This is the zone where sellers previously stepped in hard. Whether they defend it again will define the next 5 to 7 days for SOL.
What this means: The CHoCH does not confirm a full trend reversal on its own. It is a warning to bears and an opportunity signal for bulls. If price closes a daily candle above 91, the supply zone is consumed and the next leg higher opens. If sellers hold and push price back below 87, the CHoCH fails and bearish structure resumes.
One of these two scenarios plays out in the next few sessions. Which side are you positioned on?
Follow for daily crypto breakdowns.
#solana #sol #altcoin #crypto #bitcoin