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If you think $SOL is about to moon, you might want to take a closer look at this chart first.
The price is hovering right around 82.48 and honestly, it looks exhausted. We tried to make a move back up toward 86 recently but got rejected pretty quickly. If you look at the structure since that 97 peak in March, it’s just been one long struggle to find a real floor.
The 80 level is the big one to watch right now. If we lose that, there isn’t much keeping us from sliding down to test 76 again. Volume isn't really giving us any signs of a major reversal yet either.
I’m personally not jumping into any long positions here. I want to see a solid daily candle close above 85 before I even think about a recovery play. Until then, it’s just choppy water that’ll wreck your account if you aren't careful.
Patience pays more than trading every single candle. Stay safe out there.
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