🚨 $SOL ripped from 61 to 77 then got dumped on hard, now testing the old breakout zone as support. holding above 69.70 here is the whole ballgame for continuation.
LONG TRADE PLAN:
Entry: 69.70
Target: 76.17 (+9.28%)
Stop: 67.44 (-3.24%)
24H High: 70.12 | 24H Low: 67.92
This is a clean breakout retest. SOL cleared the 69-70 zone on the first leg up, ran it to 77, then got faded straight back into that same level. The bounce candle reclaiming 69.70 is the tell that old resistance is trying to flip support exactly the kind of retest you want to see hold before continuation back toward highs.
R:R here is sitting around 2.9:1, tight stop under 67.44 vs a 76 handle target. Volume's cooling off on the pullback which is healthy, not distribution. Lose 69.70 with conviction and this setup is dead, stop does its job.
Watching for a clean hold/reclaim above 70 to confirm.
Click here 👉$SOL 👈 to Trade.
SOLUSDT
Perp
71.57
+4.77%