$SOL
Conservative Entry ($80 - $82): This zone has acted as a solid structural support recently. Waiting for the price to test this level could offer a better risk-reward ratio if the market continues to correct.
Stop Loss (SL): It is recommended to place it below $86.66 (critical support) or, for greater safety, below $80 if you are looking for a longer-term trade. A break below $86.66 would invalidate many current bullish setups.
Take Profit (TP) / Sell Targets: First target: $94 - $95 (technical and psychological resistance). Second target: $100 - $105 (main supply wall of the quarter).
Indicators to Monitor on Binance.
RSI (14): Currently in neutral territory (approx. 51.63). If it drops below 30 (oversold), it could indicate a buying opportunity due to seller exhaustion.
Volume: Look for a significant increase in buying volume when touching support levels ($80-$82) to confirm there is institutional interest.
News: Stay alert for updates from the Firedancer network and the status of Solana ETFs, which have maintained positive capital inflows despite the price drop.
Conservative Entry ($80 - $82): This zone has acted as a solid structural support recently. Waiting for the price to test this level could offer a better risk-reward ratio if the market continues to correct.
Stop Loss (SL): It is recommended to place it below $86.66 (critical support) or, for greater safety, below $80 if you are looking for a longer-term trade. A break below $86.66 would invalidate many current bullish setups.
Take Profit (TP) / Sell Targets: First target: $94 - $95 (technical and psychological resistance). Second target: $100 - $105 (main supply wall of the quarter).
Indicators to Monitor on Binance.
RSI (14): Currently in neutral territory (approx. 51.63). If it drops below 30 (oversold), it could indicate a buying opportunity due to seller exhaustion.
Volume: Look for a significant increase in buying volume when touching support levels ($80-$82) to confirm there is institutional interest.
News: Stay alert for updates from the Firedancer network and the status of Solana ETFs, which have maintained positive capital inflows despite the price drop.