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Bullish

Life of a trader #BinanceBlockchainWeek 
#solana $SOL 
SOL
126.26
+5.54%

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$SOL Take profit now. selling pressure is rising .

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What the chart is showing (1H, SOL/USDT) Price ~124.6 is near the mid–upper Bollinger Band Strong bounce from ~116 → good relief rally already done Now price is stalling + small red candles → momentum slowing MA (orange) is acting as short-term resistance After sharp drops, SOL often pulls back again before continuation Key Levels Immediate resistance: 125.5 – 127.8 Local support: 121.5 – 122 Strong support: 116 – 118 Smart Profit Strategy (low stress) If you’re in profit: ✅ Book 50–70% profit now ✅ Move stop-loss to entry or small profit ❌ Don’t be greedy in a news-sensitive market (Japan rates, macro fear) If you stay in the trade Conservative TP: 125 – 126 Aggressive TP (only if volume increases): 127 – 128 If price loses 121, expect another dip Taking profit here is a disciplined decision, not fear. $SOL

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Why Taking Profit Now Makes Sense (SOL/USDT) $SOL has rebounded strongly from recent lows, but price is now stalling near resistance and the upper Bollinger Band. Momentum is slowing, and buyers are showing hesitation. At the same time, Japan interest rate uncertainty is keeping global markets on edge. Even small signals from the Bank of Japan can trigger sudden risk-off moves, and crypto often reacts sharply to this macro pressure. In such an environment, locking profits is a smart, defensive decision. It protects capital, reduces exposure to surprise volatility, and leaves you ready to re-enter after clarity. Discipline beats emotion. Profit secured is strength.

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SOL Outlook: Key Support Levels to Watch Attention will now center on the $122 and $120 support zones. A sustained break below these levels could expose SOL to deeper pullbacks toward $112 or $105. On the upside, analysts are watching whether Solana price can reclaim $130 and stabilize above near-term resistance. Until broader sentiment improves, Solana news remains tied to Bitcoin’s direction and overall risk appetite across digital assets.

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Former Pumpfun Developer Sentenced to Six Years in Prison for Fraud According to reports from Wu, Canadian former Pumpfun developer Jarett Dunn has been sentenced to six years in prison by a court in London, England, for fraud and the transfer of criminal property. During his tenure, Dunn embezzled approximately 2 million USD worth of Solana and distributed the funds to multiple random wallet addresses. After the incident, Dunn admitted to this behavior on social media and attempted to defend himself as a whistleblower, but the court did not accept this. Dunn is still in custody in London, awaiting extradition back to Canada.

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