$SOL

Here is a B🔥 Entering the Fire: Long on SOL at $124.46! 🚀

The market is giving us a clear signal, and I’m not sitting this one out. I just opened a position on $SOL at $124.46, and here is why I’m feeling bullish on this "burn":

📊 The Technical Setup

We are currently hovering in a critical demand zone. Historically, the $120–$125 range has acted as a massive accumulation area. By entering at $124.46, we are catching the potential bounce right off the local support.

* Support: Strong floor established around $122.

* Resistance: Looking for a reclaim of $130 to confirm the breakout.

* Target: If momentum shifts, the $144–$150 range is the next major supply zone.

💡 Why Now?

While the broader market has been choppy, Solana’s ecosystem continues to lead in active addresses and DEX volume. We’ve seen a "falling wedge" breakout on the 4-hour chart, and this entry at $124.46 feels like the perfect "retest" before the next leg up.

🛡️ Risk Management

In this market, you have to play it smart.

* Stop Loss: Keeping it tight just below the $118 mark.

* Strategy: This is a "burn" play—high conviction, but watching the RSI closely for any bearish divergence.

Are you HODLing or Scalping SOL right now? Let me know your entry prices below! 👇

#Solana #SOL #CryptoTrading #BinanceSquare #TechnicalAnalysis

Would you like me to adjust the tone to be more "degen/aggressive" or perhaps more "professional/analytical"?