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$SOL on Higher timeframes is my favourite asset to trade of all time We had the 3d and 1w SFP into demand earlier but momentum stalled on the relief rally at 146 (our last long there) Resistance will break above $110 Post that, now that we're losing support, just wait for 20-30% lower or a reclaim. Failed breakdown = Very bullish setup primed for $155 level Until then, I'm not interested in getting back in until we see a reclaim or $90s
Alright, we have been planning for a while for 74.4k to be taken out and now we finally did.
This was the level we needed to be cleared for a long (for a bounce).
I remind you that I believe the overall bottom is lower IMO, but mentioned last posts that a local long makes sense if we would range locally and receive some local confirmation of a range forming.
An immediate reaction here with good local order flow is exactly that.
So as promised, entering long here, aiming for CME close as a main target with some intermediate targets in between and a trim above the local highs.
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