๐จ๐ฅ $SOL is at a very important area right now ๐
Solana is moving near $117, and the price is holding above key support around $116.5โ$116.6.
๐ The current analysis points to a clear scenario:
๐ข Spot entry zone:
$117โ$118
You can scale into the position rather than investing all your capital at once.
๐ฏ First target: $121.5โ$122
๐ฏ Second target: $124โ$125
๐ฏ Third target: $126.5โ$127
๐ฅ If $127 is broken with strong trading volume and the price holds above it, then $130โ$134 can be watched as an extended targetโnot a guaranteed one.
๐ Stop-loss: below $113.5โ$114 if support breaks with a clear close.
๐ Why am I watching SOL?
โช๏ธ The $116.6 support remains important.
โช๏ธ Momentum improves above $121.7.
โช๏ธ $124โ$125 is the most important resistance right now.
โช๏ธ A break above $125โ$127 could open the way for a new upward move. (COINOTAG)
๐ฆ SOL spot ETFs also have large cumulative inflows, although recent daily flows have become volatile; therefore, we are not relying on ETFs alone to make a decision. (Farside Investors)
โ No leverage.
โ No futures.
โ No borrowing at interest.
โ Spot only, with gradual buying.
โ ๏ธ If SOL loses the $116 area decisively, I won't chase the price; we'll wait for new support rather than enter during a decline.
๐ Realistic plan:
$117โ$118 โ $122 โ $125 โ $127
Then reassess the situation before considering $130โ$134.
This is not financial advice, but a plan based on current market levels.
#SOL #Solana #Crypto #Binance #Spot
Solana is moving near $117, and the price is holding above key support around $116.5โ$116.6.
๐ The current analysis points to a clear scenario:
๐ข Spot entry zone:
$117โ$118
You can scale into the position rather than investing all your capital at once.
๐ฏ First target: $121.5โ$122
๐ฏ Second target: $124โ$125
๐ฏ Third target: $126.5โ$127
๐ฅ If $127 is broken with strong trading volume and the price holds above it, then $130โ$134 can be watched as an extended targetโnot a guaranteed one.
๐ Stop-loss: below $113.5โ$114 if support breaks with a clear close.
๐ Why am I watching SOL?
โช๏ธ The $116.6 support remains important.
โช๏ธ Momentum improves above $121.7.
โช๏ธ $124โ$125 is the most important resistance right now.
โช๏ธ A break above $125โ$127 could open the way for a new upward move. (COINOTAG)
๐ฆ SOL spot ETFs also have large cumulative inflows, although recent daily flows have become volatile; therefore, we are not relying on ETFs alone to make a decision. (Farside Investors)
โ No leverage.
โ No futures.
โ No borrowing at interest.
โ Spot only, with gradual buying.
โ ๏ธ If SOL loses the $116 area decisively, I won't chase the price; we'll wait for new support rather than enter during a decline.
๐ Realistic plan:
$117โ$118 โ $122 โ $125 โ $127
Then reassess the situation before considering $130โ$134.
This is not financial advice, but a plan based on current market levels.
#SOL #Solana #Crypto #Binance #Spot
