🧭
$SOL Tags $240 — Structural Precision, Not Speculation
This isn’t a breakout post. It’s a technical checkpoint in a trade that was mapped weeks ago.
$SOL didn’t moon.
It followed structure — clean, deliberate, and undeniable.
🧠 Macro Playbook: Still in Motion
Breakout from macro bull flag at $125? ✅
Retest at $148? ✅
Volume expansion above $180? ✅
Fibonacci 2.0 extension hit today at $240? ✅
This is not a reaction move. It’s a measured expansion, and the market respected every level on the way up.
📊 Technical Confluence (1D/4H)
Fibonacci Extensions:
1.618 = $198 (former target, now support)
2.0 = $240 (tagged today)
2.618 = $286 (next macro resistance)
RSI (1D): 76 — overbought, but not diverging. Still strong.
MACD (1D): Clean bullish cross on Aug 29 — histogram rising.
EMA Stack:
21EMA (1D) = $218 — short-term trend support
50EMA = $195 — higher timeframe support
Price holding well above all key moving averages = trend intact
Bollinger Bands (1D):
Price riding upper band — trend expansion confirmed
Band width widening — volatility increasing, not peaking
🎯 Key Levels:
Resistance:
$240 (hit)
$258–$265 (weekly supply)
$286 (macro target)
Support:
$218 (trend support)
$198 (former Fib target)
$184 (gap fill zone)
🧭 Trade Wisdom:
If you're just seeing SOL now, you're late to this leg.
The entry was structure, not price.
Now it’s about risk management, rotation, and downstream positioning.
Smart money is already moving to SOL-native LSTs, perps, and mid-caps.
Chasing
$SOL here? That’s for the timeline. Not for traders.
⚠️ Disclaimer:
For skilled traders only. Not financial advice. Structure matters. Risk defines the trade. Emotion exits you early.
#solana #summerofsolana #LegendaryTrader