SOL · 1H · UPTREND

My previous read hit both targets clean — 95.70 and 98.64 — and then SOL just kept going, ripping all the way to where price sits now at 108.53, the highest point on this chart. Two targets in a row on the same structure, and now I'm looking at a different problem: price is pressing the top of the visible range with a dense liquidation cluster sitting directly overhead at 110.0 and 113.0, and three dense clusters stacked below between 98.26 and 107.1. The structure is unambiguously bullish — higher highs, higher lows since the Aug 20 launch from ~78, and the recent consolidation between ~95 and ~102 was absorbed without breaking the uptrend. The validator proposal to slow new SOL issuance and BTC's treasury-sparked breakout are both tailwinds that explain the bid, and SOL dominance breaking out supports continuation. But at 108.53 with the nearest liquidation cluster above at 110.0, I'm not chasing this — the R/R from current price is too thin. What I want is a pullback into the 104.6 dense cluster, which also aligns with the prior swing high shelf visible around 103–105, and a clean reclaim off that level. That's where the structure confirms continuation rather than distribution.

The funding rate at 0.0100% per 8h is mild — longs are in control but not dangerously overcrowded, so there's no imminent squeeze threat from positioning alone. Open interest at $739M is substantial, and those dense clusters above at 110.0 and 113.0 are magnets — price is likely to tag them before any meaningful reversal. That shapes my targets: 110.0 is the first objective, 113.0 is the extended run.