๐ $SOL Analysis: Is the Bounce Loading? ๐
The 1H chart for Solana is showing a classic battle between short-term bearish pressure and a solidifying floor. While we've seen lower highs, the $120 level is proving to be a "line in the sand" for bulls. ๐ก๏ธ
The Setup:
Price is consolidating after a dip to $120.63. We are looking for a confirmed breakout above current levels to flip the script. ๐
๐ฏ The Game Plan:
Entry: $122.50 (Wait for the 1H candle close for confirmation)
Take Profit 1: $125.00 (Secure the bag ๐ฐ)
Take Profit 2: $128.00 (Moon mission ๐)
Stop Loss: $120.00 (Strict risk management is key)
Why this works: Weโre trading the potential "Double Bottom" formation. Risk/Reward is a solid 1:2. ๐
โ ๏ธ Reminder: Crypto moves fast. Stay disciplined and never risk more than 1-2% of your capital.
