๐ $SOL Solana: The Wave (A) Rally vs. The Wave (B) Trap! ๐
Solana is currently navigating a high-stakes technical pivot. As
traders eye a push toward the $131.57 level in wave (A), the market is holding its breath. One wrong move below $123, and the narrative flips to a wave (B) correction. ๐
๐ The Bullish Target: Technical analysis points to $131.57 as the ideal destination for this current bounce. This level aligns perfectly with the 100% Fibonacci retracement and sits just beneath a major resistance zone. SOL is battling a heavy downward trendline, making this a "show-me" move for the bulls. ๐
๐ The $123 Line in the Sand: Thereโs a clear danger zone at $123. If SOL slides below this red line, it confirms that the short-term recovery is over and wave (B) has taken the wheel. Holding this support is absolutely "make or break" for the bounce to sustain its momentum. ๐๏ธ
๐ Key Takeaways for Traders:
The Range: SOL is currently "trapped" between $123 support and $131.57 resistance.
The Sentiment: How SOL behaves here will likely set the tone for the entire altcoin market this week. ๐ก๏ธ
The Strategy: A sustained move above $131.57 could signal a trend flip, but losing $123 puts the local lows back on the menu.
Are you playing the bounce to $131, or waiting for the sweep below $123? Drop your strategy in the comments! ๐
