$SOL
Price recently printed a strong impulse move toward the 91 zone followed by a controlled pullback. The retracement is showing signs of healthy consolidation rather than bearish pressure. Buyers are still defending the higher low structure which keeps the bullish continuation scenario active.
Trade Setup
Entry Zone: 88.20 – 88.70
Targets
TG1: 90.50
TG2: 91.20
TG3: 93.00
Key Support
87.20
85.80
Key Resistance
90.50
91.20
93.00
Market Insight
The explosive candle that pushed price near 91 indicates strong liquidity grab and momentum expansion. The current pullback appears to be a cooling phase where the market is absorbing sell pressure. As long as price remains above the 87 support region, the probability favors another push toward higher resistance levels.
Pro Tips for Traders
Avoid entering during sharp spikes and instead focus on pullback entries near support zones.
Watch how price reacts around 90.50 because a strong candle close above this level can trigger momentum continuation.
Secure partial profits at the first target to reduce exposure.
Volume confirmation during breakout increases the reliability of the move and reduces the risk of fake breakouts.