Solana (SOL) – Handle in formation ☕️
💰 Current price: ~$176
🕯 Candle behavior
Cup Formation: The previous uptrend formed a clear “cup” shape — the candles gradually rose from $150 to $190 with healthy gaps between trades.
Handle Pullback: The last candles move downward quietly and with small bodies — this is the “handle” formation phase, a natural break before the next wave.
Shallow red candles: Bearish candles are small and blunt — bears are not attacking, but watching, while bulls are holding their ground.
Volume Decrease with Decline: Trading volume declines with price decline — a positive sign in the handle formation.
🔥 Why does it look like it's cooking for an explosion?
The handle is often the last stop before a strong rally. The shallower the pullback and the quieter the candles, the greater the chance that the next big candle will be explosive. A break of $190 could quickly open the way to $220–$230.
🎯 Trading Plan
Entry area: $165–$170 (bottom of handle) or upon break of $190
Stop Loss: $155
Goals: 220/230+
Tip: The best breakouts occur when the handle ends with one or two strong green candles with high volume — this is the confirmation signal.
