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$SOL Bullish Momentum with Local Consolidation
Solana has demonstrated a strong recovery from the $81.40 support zone. Currently, the price is testing the $97.00 -$100.00 psychological resistance area. While the overall trend remains bullish, waiting for a minor pullback or consolidation in the entry zone will offer a better risk reward ratio for this setup.
Market Direction: Bullish (Trend Following)
Entry Zone: $94.50 – $96.00
Stop Loss: $91.80
Take-Profit Targets
TP1: $98.40
TP2: $101.50
TP3: $105.00
Trader's Note: As long as the price holds above the recent swing low of $92, the bullish structure remains intact. A clean breakout above the $100 mark could trigger a new expansion phase. Always manage your position size according to your risk tolerance.