🚨 $SOL Analysis: Consolidation Before the Storm? 📉📈
After a volatile week and panic selling, Solana is showing signs of recovery.
Bollinger Bands are narrowing, signaling a potential big move ahead. The bulls are fighting back! 🐂
Technical Setup (Dec 21 Update):
🟢 Trend: Neutral to Bullish (Consolidation Phase).
📊 Key Levels:
Support: $117.50 (Strong floor).
Resistance: $126.00 - $128.00 (Critical Zone).
Trading Plan:
🛒 Entry: Look for entries near 117.50 (Support bounce) OR wait for a confirmed breakout above 128.00.
🎯 Targets:
TP1: 126.00
TP2: 128.00 (Breakout zone)
🛑 Stop Loss: Tight below 117.00 to manage pullback risks.
⚠️ Indicator Watch: MACD suggests a shift to Longs, but volume is key. Watch out for fake-outs!
Disclaimer: DYOR - Not Financial Advice.
