Looking at the 4H chart of SOL, things look interesting right now. The price is around $85, so we are close to key levels to watch.



What I see is that if SOL manages to stay above $78.96 and recovers that level after a sweep of lows, there could be an impulse toward $83.10 and continue up to $84.36. If it breaks and holds above $83.10, the next target would be $85.11 and then $86.65.

But beware of the bearish side: if it loses $77.12, this entire bullish setup goes to hell. I would wait for confirmation with a pin bar or engulfing pattern accompanied by volume before entering.

The strategy I see is to wait for that sweep of lows, see how it recovers from $78.96, and then go long. No rushing in without confirmation.
SOL-2.17%
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