After weeks of selling pressure, SOL is finally approaching a massive confluence zone around the $150 round number, which aligns perfectly with a strong weekly support area highlighted in blue.
⚔️This level has historically acted as a major pivot zone, and as long as SOL holds above it, I’ll be looking for short-term long opportunities, targeting the upper bound of the falling red channel.
🏹However, for the bulls to fully take control, SOL must break above the last major high marked in red, confirming a shift from correction to continuation.
Could this be the point where Solana says - Enough is enough? 👀
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📊All Strategies Are Good; If Managed Properly!
~Richard Nasr
