$SOL is moving fast โ but this is exactly where Iโd avoid chasing candles. ๐
On the 1H chart, SOL is around $117 after breaking above the recent $109โ$111 zone. The structure is clearly bullish: price is above the 7, 25 and 99 MAs, while volume has expanded with the breakout.
But thereโs one big warning: RSI(6) is around 91, meaning short-term momentum is extremely overheated. A pullback or sideways consolidation wouldnโt be surprising here.
The key level to watch is $114โ$115. If bulls defend that area, $118.18 is the immediate resistance, followed by the psychological $120 zone.
If $114 breaks, momentum could cool toward $112 and $109.
So yes, $SOL looks strong โ but the cleaner setup may come after a retest, not after a vertical candle. ๐ฅ
#sol #solana #SolanaStrong
On the 1H chart, SOL is around $117 after breaking above the recent $109โ$111 zone. The structure is clearly bullish: price is above the 7, 25 and 99 MAs, while volume has expanded with the breakout.
But thereโs one big warning: RSI(6) is around 91, meaning short-term momentum is extremely overheated. A pullback or sideways consolidation wouldnโt be surprising here.
The key level to watch is $114โ$115. If bulls defend that area, $118.18 is the immediate resistance, followed by the psychological $120 zone.
If $114 breaks, momentum could cool toward $112 and $109.
So yes, $SOL looks strong โ but the cleaner setup may come after a retest, not after a vertical candle. ๐ฅ
#sol #solana #SolanaStrong