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Is $SOL actually building a base here or is this just another trap?
The price has been stuck in this messy range between 80 and 85 for a while now. Every time it looks like it wants to break out, it gets rejected near 89. Currently sitting at 85.10 and the daily candles are looking a bit indecisive with those long wicks.
The order book looks pretty interesting though. Buyers are stacking up at 61%, so there is definitely some demand sitting just below us. If we can finally clear that 89.50 resistance, we might actually see a decent run back toward the 94 level.
But honestly, if it loses the 80 support, I’m stepping aside. The 1 year trend is still down over 33%, so I'm not trying to be a hero.
Waiting for a solid daily close above 86 to feel any real confidence. What are you guys seeing on the lower timeframes?
#WCTCTradingChallengeShare8MUSDT