$SOL coiling at $90: trap or opportunity? 🧲
Most traders are staring at the $90 line on $SOL and doing the exact wrong thing. Setting limit orders to short the breakdown before it happens is a classic trap.
Here is how I read it. Solana is consolidating tightly between $91 and $95 after the broader market digested recent ETF outflows. Volume is drying up, which usually means a violent move is loading.
The key levels are simple. Support sits firmly at $90-$91. Resistance caps at $96-$100.
If price sweeps below $90 and quickly reclaims it, that is a classic liquidity grab. My scenario is to watch for a 15-minute close back above $91 before considering a long.
If it slices through $90 with heavy volume and stays there, the next real floor is $85. Do not catch a falling knife. Wait for the retest.
One rule I live by: never trade the first candle of a breakout. Let the market show its hand first.
Are you watching for a bounce at $90, or waiting for a deeper flush?
Disclaimer
Personal view, not financial advice. Crypto is volatile, do your own research.
