๐จ $SOL Macro Update: Post-Wave 5 Scenarios ๐จ
The current rally toward $116 โ $120 marks the completion of Wave 5 (local impulse top). A corrective pullback is expected next.
Here are the two key macro paths to watch:
๐น POSSIBILITY 1 (Target: +/- $130)
Pullback must hold ABOVE the $95.16 Invalidation Level.
As long as $95.16 holds, we can expect the next major leg up toward +/- $130 ($134.47 zone).
๐น POSSIBILITY 2 (If $95.16 Breaks)
A breakdown below $95.16 invalidates Possibility 1 and activates Possibility 2.
Price will enter a deeper ABC correction toward the $88.67 โ $73.93 demand zone.
๐ก Game Plan: Lock in profits at the Wave 5 top ($116โ$120) and watch price action closely around the $95.16 key level during the dip!
#SOL #Solana #ElliottWave #CryptoAnalysis #BinanceSquare #CryptoTrading #TradingSignals
The current rally toward $116 โ $120 marks the completion of Wave 5 (local impulse top). A corrective pullback is expected next.
Here are the two key macro paths to watch:
๐น POSSIBILITY 1 (Target: +/- $130)
Pullback must hold ABOVE the $95.16 Invalidation Level.
As long as $95.16 holds, we can expect the next major leg up toward +/- $130 ($134.47 zone).
๐น POSSIBILITY 2 (If $95.16 Breaks)
A breakdown below $95.16 invalidates Possibility 1 and activates Possibility 2.
Price will enter a deeper ABC correction toward the $88.67 โ $73.93 demand zone.
๐ก Game Plan: Lock in profits at the Wave 5 top ($116โ$120) and watch price action closely around the $95.16 key level during the dip!
#SOL #Solana #ElliottWave #CryptoAnalysis #BinanceSquare #CryptoTrading #TradingSignals
