TRADE SETUP & MARKET UPDATE: $SOL
$SOL is attempting a bounce from the lower boundary of its broader channel, currently trading around 84.29 after reacting from the 82 support zone.
This reaction is important, as buyers stepped in exactly where support needed to hold. For now, the price action still reflects a structural bounce rather than a confirmed breakdown.
As long as SOL maintains strength above 82, the recovery can continue toward the mid-range of the channel. Sustained buying pressure could support a stronger upward move, while a loss of this level would indicate weakening structure and increased downside risk.
TRADE SETUP (Simple & Clear):
• Entry: 83 – 85
• Take Profit (TP): 88 / 91 / 95
• Stop Loss (SL): 80
Plan:
Look for continuation as long as price holds above 82. A clean break below support invalidates the setup.
