$SOL is reclaiming the trading range, sharply done nearly four months consolidating within.
We had been admiring on this zone closely, expecting a significant move once price broke out.
That breakout came in early days of June but was followed by a sharp pullback of more than 30%.
Now, with SOL recovering and pushing back above the $78 level, the structure is starting to look more constructive. buyers can hold this reclaim, it could set the stage for a move back toward the upper end of the range.
I'm paying close attention to how the next few candles close around this area before deciding on the next move.
We had been admiring on this zone closely, expecting a significant move once price broke out.
That breakout came in early days of June but was followed by a sharp pullback of more than 30%.
Now, with SOL recovering and pushing back above the $78 level, the structure is starting to look more constructive. buyers can hold this reclaim, it could set the stage for a move back toward the upper end of the range.
I'm paying close attention to how the next few candles close around this area before deciding on the next move.