SOL: Why I’m Still Holding a Long Position
Solana remains locked inside a clear sideways range, and this context is key. While earlier price action suggested a potential tightening of the range, the recent drop toward $124 turned out to be a textbook move to the lower boundary of the range, not a breakdown.
That distinction matters.
At this stage, the structure is still intact. As long as price respects the range lows, the probability of a mean reversion move back toward the upper boundary remains valid — exactly as planned, just from slightly adjusted levels.
Key Levels to Watch
The most important zone right now is $129–130. This area will act as a decision point:
If buyers show strength on the retest and price manages to break and hold above this zone, the market opens the door for a move toward $136, where the Ichimoku Cloud is located.
In a stronger scenario, continuation toward $144, the upper boundary of the range, becomes realistic.
However, if price reacts bearishly from the $130 retest, that would signal weakness and invalidate the short-term bullish scenario.
Position Management
For now, the situation remains calm:
I continue to hold my long position
Stop-loss is placed below $120, keeping risk clearly defined
No panic, no emotional decisions — just structure and probabilities
If we see a clear rejection from the $130 retest, closing the position early would be the rational move. Until then, the market is behaving exactly as a range-bound asset should.
Bottom Line
This is not a trend trade — it’s range trading with discipline.
As long as SOL respects its structure, staying patient and focused beats overreacting to noise.
