📊 Analyzing the Next $SOL Move
I'm often surprised by the lack of logical reasoning behind investment calls. People tend to shout "long" or "short" without backing it up with facts.
$SOL's chart shows a short-term pullback after a price increase, and candles are weakening near the local top 👀. This suggests that sellers remain active on every bounce, requiring SOL to demonstrate strength before a clean long.
The critical level is the 131.6–131.0 support zone 🚨. If SOL loses 131.0 with a strong move, it may open up a new liquidity pocket towards 129.5–128.0.
Momentum shifts to bullish only if SOL reclaims 133.4–133.6 and holds above it with follow-through 💪. Until then, upside appears like a bounce within resistance.
What's the plan? 🤔
Upon reviewing the structure, I conclude that SOL is still choppy and reactive, making this not a clean entry zone 🔒. Longs are risky under resistance, while shorts are precarious near support.
Key Takeaways:
• Short-term bias: cautious/bearish under 133.5
• Key decision zone: 131.6–131.0
• Best move right now: WAIT 🚫
Either SOL reclaims 133.5+ for a valid long continuation… or it breaks 131.0 for a proper downside move 🔜.
Until one of those scenarios unfolds, this remains a no-trade zone 👎
