$SOL Walking the tightrope :
Is it a real rebound or a deadly trap ?
Yesterday we put Solana (
$SOL ) in " Panic Mode " and today the chart confirms that my caution was not exaggerated. Here I outline the technical guidelines for the coming hours:
1️⃣ The Concrete Ceiling :
In 4H, the EMA 200 ($89.21) is rejecting every attempt to rise of
$SOL . As long as the price does not close a 4H candle with real volume above this level, the coin remains under the control of sellers.
2️⃣ Life or Death Support :
The level of $86.60 continues to be our red line for
$SOL . If that wall falls, capitulation towards $82 is imminent. For now, the price is only moving sideways without a clear direction.
3️⃣ My logic :
I maintain the Strict Observation order. The RSI does not show a strong capital entry that justifies a Long in
$SOL . Do not be fooled by small green candles; in this zone the risk of being liquidated is extremely high. We only trade when the chart gives us the advantage, and right now, the advantage is to wait.
Trading is not about always operating, but about operating well. I will let you know when the path is clear.
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