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Everyone is busy looking for the pump but the chart is telling a different story right now.
$SOL is basically stuck in a boring range and it’s starting to feel like a trap. We’re sitting at $84.63, right in the middle of nowhere.
The resistance up at $88 is proving to be a headache. Every time we get close, the sellers step in and push it back down. On the flip side, $80 is the floor we really need to hold. If that snaps, $76 is the next stop.
Looking at the order book, the sell side is actually looking a bit heavier at 57%. That’s a red flag for anyone trying to long blindly.
Volume is pretty flat too. No big players are moving yet.
I’m staying on the sidelines until we either break that $88 wall or dip into the $70s for a better entry. This middle zone is just a coin flip.
#TapAndPayWithGateCard