SOL Update: Healthy Correction in a Bullish Trend
SOL$SOL
recently touched $206 and is now pulling back to around $186 — a textbook healthy correction within an ongoing uptrend.
📊 Technical Breakdown:
189.94
-6.66%
MA(7) has crossed below MA(25), but both remain well above MA(99) — indicating the overall structure is still bullish.
Declining volume on red candles suggests this is a dip, not a dump — a classic sign of temporary weakness, not a trend reversal.
🧠 Key Insight:
This zone presents a solid accumulation opportunity before the next potential move higher.
📌 Trade Setup:
Entry Range: $182–$186 (layering your entries is a smart move)
Stop-Loss: $174 (just below key support and MA cluster)
Take-Profit Targets: $198 / $206+
📈 Outlook:
A bullish continuation remains likely as long as $174 holds. If that level breaks, reassessment is necessary.
