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- Pin
$SOL mirroring Ethereum's pullback, grinding lower in a tight descending channel after rejecting $150 resistance. Price is hovering near the lower boundary and key support at $127–$128 (aligns with MA25, prior swing low, and 0.618 Fib retracement). Volume's muted, but RSI shows subtle bullish divergence hinting at exhaustion in the downmove. Overall bearish bias intact, yet this confluence zone screams for a potential bounce. Watch for a clean break below $125 to invalidate longs.
Trade Idea – Long bounce setup
Entry: $127–$128
Stop Loss: $123
Take Profit 1: $134 (+5%)
Take Profit 2: $140
Take Profit 3: $148–$150