SOL · 1H · UPTREND

Price bottomed around 62–63 in late June, recovered hard, and is now sitting at 77.46 — the highest level on this entire chart going back to early June. The structure from the June 25 low is a clear series of higher lows and higher highs, and the current candle is pushing into fresh highs near 77.50–78.00. The macro news context is irrelevant to SOL/USDT — those headlines reference an AI model named "Sol," not Solana — so I'm reading this purely off structure.

My read is that this rally is extended. Price came from 65 to 77.46 in a near-vertical move with minimal consolidation, and I'm not chasing that into fresh highs with no pullback. I'm waiting for price to retrace into the 74.00–75.00 zone, which was the prior consolidation area and acted as resistance before the breakout — now I expect it to flip to support. That's where I want to be long with a defined stop below 72.50.

Setup: LONG (conditional)

- Entry: 74.50 (pullback into prior breakout zone)

- Stop Loss: 72.40

- Take Profit 1: 77.50

- Take Profit 2: 80.00

- Risk/Reward: 1.4:1 to TP1 / 2.6:1 to TP2

- Confidence: MEDIUM