$SOL FINAL BASE FORMING?
SOL is retesting the $110–$85 higher-timeframe demand zone, and the structure still looks like late-stage consolidation, not distribution.
On the monthly timeframe, the cup-and-handle structure remains valid. This pullback fits the profile of a final shakeout where weak hands exit and stronger buyers absorb supply. Selling pressure is slowing, and volatility is compressing — conditions that often precede expansion.
Trading Plan — $SOL (LONG ONLY)
Entry: a net of small collections from 120 to 90 in parts ...
Why long here?
•Strong HTF demand zone with prior reactions
•Monthly structure still bullish, no breakdown confirmation
•Late sellers likely being absorbed rather than initiating trend continuation
•Risk/reward favors patience over chasing
Bias:
This is a positioning phase, not a momentum chase. Discipline wins here.