$SOL Dual-Scenario Alert: Key Decision at $104 ⚖️📊
Current Status:
$SOL is trading near the $104 zone, showing potential for movement in either direction. The next confirmed candle with volume will likely dictate the short-term path.
Scenario 1: Long Trade Setup (Bounce from Support) 🟢
Thesis: Capitalize on a bounce from the $103.50 – $103.90 support zone.
Entry Zone: $103.50 – $103.90 (on a confirmed bullish reversal pattern)
Stop Loss: $101.50 (below the swing low)
Take Profit Targets:
TP1: $105
TP2: $107
TP3: $109
Scenario 2: Short Trade Setup (Rejection from Resistance) 🔴
Thesis: Play a potential false breakout or rejection near the $104.50 level.
Entry Zone: $104.50 (on a confirmed bearish rejection—e.g., wick rejection + red candle close)
Stop Loss: $106.00 (above the entry resistance)
TP1: 103
TP2: 102
TP3: 101
✅ Critical Confirmation Checklist (Must Be Validated Before Entry)
1. Volume Confirmation: Any move must be backed by significant volume—low-volume breaks are weak and prone to reversal.
2. RSI Context: Current RSI ~55-60 shows mild bullish momentum.
For longs: A dip holding above 50 is ideal.
For shorts: An RSI rising above 60 may signal overbought conditions.
3. Whale Activity: Sudden sell-side whale pressure can invalidate the long setup; buy-side pressure can squash the short thesis. Monitor large order flows.
4. Market Sentiment: Always cross-check
$BTC trendand general crypto market direction $sol often correlates with broader moves.
The chart is at a decision zone. Do not anticipate—wait for the signal, then execute with the plan.
Always perform your own research (DYOR), use prudent risk management, and only trade with capital you can afford to lose.
Click below and open your trade according to the market condition 👇
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