SOL/USDT — TRADE SETUP
SOL is currently trading around $100, after pulling back from the recent $110.60 swing high.
The broader daily structure remains constructive, but short-term momentum has weakened. Price is currently below the 7-day MA at $103.69, while holding well above the 25-day MA at $88.49 and 99-day MA at $77.92.
That makes the $100 area the key decision zone.
Technical Structure
Support
• $100–$98.30 — immediate support
• $96.50 — key invalidation area
• $94–$95 — next downside zone
• $88–$90 — major daily support
Resistance
• $103.70–$104.40 — first breakout zone
• $110.60 — recent swing high
• $115–$120 — next upside targets if momentum expands
Trade Idea — Long
Entry: $99.50–$101.50
Stop-Loss: $96.40
Target 1: $104.40
Target 2: $110.60
Target 3: $118–$120
Approximate risk/reward from a $100 entry:
T1: ~1.4R
T2: ~3.4R
T3: ~5.7R
The Trigger
I would not chase SOL at resistance.
The cleaner setup is either:
1. SOL holds the $99–$100 zone and starts reclaiming $103.70, or
2. SOL breaks and closes above $104.40 with convincing volume.
A daily close below $96.40–$97 would weaken this bullish setup and increase the probability of a move toward $94–$95.
Why the setup is interesting
Solana's fundamental backdrop remains supportive. U.S. spot SOL ETFs have continued attracting capital, while recent reports put cumulative ETF inflows around the $1.2B area. Solana's upcoming Alpenglow upgrade is also scheduled for late September, keeping the network's development story on the radar.
My technical read:
SOL is not in a confirmed breakdown. It's currently testing whether $100 can become a higher-timeframe support level.
Above $104.40 → momentum can accelerate toward $110.60.
Above $110.60 → $118–$120 becomes the next major area.
Below $96.40 → bullish setup is invalidated.
Key level: $100.
Key breakout: $104.40.
Key resistance: $110.60.
Trade the confirmation, not the candle.
This is a technical setup, not financial advice. Manage position size and risk accordingly.
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