$SOL 8h Update: - I expect price to attempt a move higher if it breaks and closes above 79.04 with volume and momentum. The first target would be the most recent high at 83.98, with further extension possible toward 88.00. - If price fails at 79.04 and begins to reverse, my preferred trade would be to wait for a sweep into the 75.00-73.39 demand/FVG area, then go long after a clear reversal signal such as a bullish engulfing or lower-timeframe trend shift. - Entry for breakout traders: After a close and retest above 79.04, look for bullish confirmation and target 83.98, then 88.00. Place your stop-loss at the most recent swing low below the breakout. - Entry for dip buyers: Wait for price to sweep down to 75.00-73.39, then enter long on reversal confirmation, targeting 79.04 and 83.98. Stop-loss should be set below the swing low of the move. - If price closes below 73.39 and fails to reclaim it quickly, my bias shifts bearish, and I would look for shorts down to 67.92 and 64.04. - Key confirmations: Look for bullish engulfing, strong pin bars at demand levels, or a lower timeframe structure break for bullish setups; for bearish setups, look for rejections at resistance with high sell volume or lower timeframe breakdowns. 📊 Turn charts into clear trade insights. Try Finora AI free → https://t.co/kMPco9Fs6m
Finora AI - Your Trade BuddyShare

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.