SOL — Bullish Retest in Motion: Time to Strike?

5 hari lalu

SOL has finally broken through the $180 barrier decisively — a key zone it failed to clear back in May.

Now we’re seeing a retest, which may offer one final dip before continuation. Let’s break down the next high-conviction long opportunity.

🧩 Key Retest Zone: $182–$180

➡️ Retesting Prior Resistance as Support

• SOL broke above $180 with conviction and is now pulling back.
  

➡️ First Reaction at $184

• A clean bounce occurred at the anchored VWAP, but this might not be the final low.
  

➡️ Strong Confluence at $180–$182 Zone

This zone is packed with support elements:

• Weekly Open (wOpen): $181.44
  
• nPOC: $180.85
  
• Anchored VWAP: ~$179.90
  
• 0.5 Fib retracement (of the larger wave)
  
• 0.786 Fib retracement (of the smaller wave)
  
• 0.618 Fib Speed Fan — projected for tomorrow’s price path
  
• 1H 200 & 233 SMAs supporting from below
  

SOL is currently trading at yOpen — another key pivot level to watch

🟢 Long Trade Setup

• Entry: Laddered between $182–$180 (ideal long entry would be at wOpen)
  
• Stop-loss: Invalidation at $173.35
  
• Target (TP): TBFE 1.0: $218.45 / 0.618 Fib retracement: $219.21
  
• R:R: ~1:4.5
  
• Potential Move: ~+20%
  

🛠 Indicator Used: DriftLine — Pivot Open Zones

For this analysis, I’m using my own published indicator called "DriftLine – Pivot Open Zones [SiDec]" feel free to check it out on my profile.

It helps identify and visualise critical opens (daily, weekly, previous days), providing real-time support/resistance zones.

➡️ You can use it for free — just check my profile under “Scripts” and add it to your chart.

💡 Pro Tip: Support Zones Are Stronger with Confluence

Don’t rely on a single fib or level. When opens, VWAPs, SMAs, and fibs cluster, the probability of a strong reaction increases.

This is how smart traders define clear entries and invalidation.

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3 hari lalu

Nota

🚨 SOL Update

Price has found support at a strong confluence zone:
➡️ 0.618 fib retracement of the current move
➡️ 0.382 fib of the entire bull run from the start
➡️ Weekly level — all aligning around $176

We’ve seen a solid bounce off this zone with TP1 secured, we now monitor for continuation. Invalidation remains clear for the rest of the setup. Let’s see if bulls push through. 📈👀

kelmarin

Nota

🚨 SOL Update

SOL is currently stuck in a trading range right at the yearly open resistance no surprise here, given it’s the weekend.

🟢 A new long opportunity is shaping up between the bpdOpen and wOpen, with confluence backing the zone:

➡️ 1.0 & 1.272 Trend-Based Fib Extensions
➡️ Imbalance (FVG) waiting to be filled
➡️ 0.75 Fib Speed Fan acting as dynamic support
➡️ All stacked within a high-probability reaction zone

🛡️ Invalidation is clear — any breakdown below the weekly open (wOpen) would void this setup.

semalam

Nota

🚨 SOL Update #3

SOL’s been bouncing cleanly off golden pockets

➡️ Next long opportunity is shaping up at the 0.618 fib retracement around $183.13
➡️ That zone also lines up with a liquidity pocket, making it a solid confluence area to watch