
SOL bulls are fighting with their last strength â no one wants to get slaughtered, but for now bearish sentiment is still dominant, so we could still break lower. However, letâs hope thereâs enough strength to push the price up from current levels. The resistance zone at 91â93 has been heavily tested, and another attempt is needed for a breakout. Compression toward the level plus weekly timeframe convergence â Iâm leaning toward at least a continuation of consolidation, and at best a breakout toward 105.
â Multiple tests of resistance, weekly timeframe convergence
â Entry: $89 â conditional buy order
â Stop: $86
â Target: $105.5
Risk per trade: 0.5% of total deposit
Position size: 15% of the deposit
RR 1:5.4
â Trade here on $SOL

