Failed breakouts get punished fast.
🔴 $SOL
Trade Plan:
Current Price: $84.0
Entry: $83.2–$85.4
SL: $89.2
TP1: $80.8
TP2: $77.6
TP3: $73.8
SOL is sitting in the mid-$84 zone across TradingView and CoinMarketCap, so the anchor is clean enough to trade.
The key problem is overhead supply: recent market commentary around SOL keeps highlighting resistance clustered in the $86–$88 area, which fits a fade setup instead of a chase.
Price has not shown a clean reclaim of that band, so any push into the entry box that stalls can become a liquidity sweep before rotation lower. If sellers keep defending under $86, the move can unwind back into the high-$70s quickly.
Do you fade the resistance here, or wait for a rejection wick first?
Click below for trade 👇
DYOR & manage risk!
$SOL
🔴 $SOL
Trade Plan:
Current Price: $84.0
Entry: $83.2–$85.4
SL: $89.2
TP1: $80.8
TP2: $77.6
TP3: $73.8
SOL is sitting in the mid-$84 zone across TradingView and CoinMarketCap, so the anchor is clean enough to trade.
The key problem is overhead supply: recent market commentary around SOL keeps highlighting resistance clustered in the $86–$88 area, which fits a fade setup instead of a chase.
Price has not shown a clean reclaim of that band, so any push into the entry box that stalls can become a liquidity sweep before rotation lower. If sellers keep defending under $86, the move can unwind back into the high-$70s quickly.
Do you fade the resistance here, or wait for a rejection wick first?
Click below for trade 👇
DYOR & manage risk!
$SOL