SOL · 1H · UPTREND
The long from my last read triggered on October 3rd when price closed above 119.50 and has been running since — high so far at 121.61, invalidation at 117.50 never touched. That setup is still alive. All four MAs (9, 20, 50, 200) are now stacked and rising together between 119.74 and 120.93, price is trading above all of them at 121.45, and the daily trend is up. The structure is constructive: price built a base through most of October 3rd, MAs caught up through time correction, and this morning's push is the first clean impulsive leg out of that base. Target 1 at 122.20 has not been reached yet — that is the next thing I'm watching.
CONTINUATION SCENARIO
Carried forward from
Sat 03 Oct 2026 · LONG
Confirmation
119.50
Already met — 1H close above 119.50 at 15:00 UTC October 3rd (119.78).
Invalidation
117.50
1H close below breaks the range low and daily higher-low structure; unchanged.
Target 1
122.20
The ceiling that has rejected price three times, dense liquidation cluster of trapped shorts above; trimming here.
Target 2
124.00
Dense liquidation cluster, structural magnet on a clean break through 122.20.
Confidence
MEDIUM — funding at 0.0100% per 8h is mild, not extreme, so the long-side crowding isn't a squeeze risk yet. Open interest holds steady. The 123.3 dense liquidation cluster just above 122.20 is the magnet that makes the run to Target 1 plausible, but it is also where I expect the sharpest resistance.
Resistance: 122.20 / 124.00
Support: 119.50 / 117.50
This is not financial advice. Content is AI-generated.