đš $SOL (4H) â Triple Top at $210~$211
Do you think will Breakout or Pullback?
Iâm now watching SOL closely at current price $208, and hereâs what I see:
- Price has tested the $209â211 zone three times â forming a potential triple top resistance.
- Each rejection came with strong sell pressure, though the uptrend line from early August is still holding.
- Fib levels: $197 (0.236) and $182 (0.5) are the key downside supports if rejection happens.
- Stoch RSI is overbought, signaling possible exhaustion despite recent buying volume.
đ My Scenarios:
- Bullish: A clean breakout above 211 with volume could send SOL toward $220â230.
- Bearish: If $SOL fails to clear 211 again, we could see a retracement first â $197 â $182.
đ I plan to Take:
I lean toward a retracement first before breakout strong resistance at $211. Thatâs why Iâve opened a short position here to catch the potential pullback.
đ I'm not sure whether my strategy works, let's see what happened. Any thoughts?