$SOL recovering from 67.50 low but remains in strong downtrend. Price trading near short-term MAs (86-85) but far below MA99 at 106. Descending trendline acts as major resistance. Consolidation pattern forming around 84-90 zone. Any bounce faces resistance layers. Break below 80 could retest lows. Cautious bullish setup only if momentum sustains.
Targets:
TP1: 90 TP2: 96 TP3: 100
Stop Loss: 80 Note: Take profits early given the dominant downtrend. Watch 67.50 support if selling pressure returns.
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$SOL recovering from 67.50 low but remains in strong downtrend. Price trading near short-term MAs (86-85) but far below MA99 at 106. Descending trendline acts as major resistance. Consolidation pattern forming around 84-90 zone. Any bounce faces resistance layers. Break below 80 could retest lows. Cautious bullish setup only if momentum sustains.
Targets:
TP1: 90
TP2: 96
TP3: 100
Stop Loss: 80
Note: Take profits early given the dominant downtrend. Watch 67.50 support if selling pressure returns.