$SOL 1-Hour Alert⚡️🚀
#Solana is currently showing a classic Bullish Divergence on the lower timeframes. While the price made a local low today, the RSI is trending higher, suggesting that the "selling exhaustion" phase is hitting its limit.
📊Current Price: ~$127.05
The Pivot Level: $129.00. This is the 1-hour EMA 20 resistance. A clean break and hold above $129 in the next 60 minutes signals a fast run to the next liquidity zone.
Bullish Target: $131.60 – $132.50. This aligns with the 50-period SMA. If volume spikes, this is our "exit" zone for a quick scalp. 🎯
Support Floor: $126.00. This is the definitive line in the sand. If we lose $126, the next stop is the "Value Gap" at $119. 🛡️
⚡️ Quick Scalp Strategy:
Entry: Wait for a 15-minute candle close above $129.50.
SL: $125.50
💡Institutional "Buy the Dip" orders are active near $125. Despite the cautious sentiment, #Solana Spot ETFs haven't seen a single day of net outflows this week.