Gonna be honest with you about $SOL
I know everyone wants to hear it's bottoming.
"I get it."
It feels like it should be.
Down 71% from the top? Gotta bounce hard soon, right?
That's not what I'm seeing. I pulled up the weekly this morning with my coffee.
Stared at it for a while.
Here's the thing ( 83 to 89) this week looked exciting. But that candle closed back near the bottom of its range.
That's not buyers taking control. That's sellers letting bulls get hopeful before they reload.
Three MAs sitting above price like a ceiling:
84 short term
108 mid term
157 long term
Every single one of them, above price, pointing down.
I have been trading long enough to know what that means.
You don't fight that structure "You work with it"
So here's what I'm doing.
Waiting for SOL to bounce back into $87–$89.
That's where I'm shorting it.
Target 1 → $75
Target 2 → $60
Stop → $93
If it closes a weekly candle above 93 with real volume,
I'm out. No ego. Thesis is dead, I move on.
But until that happens?
The chart is telling me one thing and I have learned to listen to the chart, instead of listening to Twitter.
Where are you positioned on $SOL right now?
Long, short, or just watching from the sidelines?
Drop it below, genuinely curious what you're all seeing 👇
#solana #cryptotrading #TechnicalAnalysis #BinanceSquare
