$SOL Trading Setup:
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đȘ Entry Price: $158.9
đȘ Take Profit (TP): $163.5 (targeting the break above the previous wave one high)
đȘ Break Point (BP): $157.75 (key support within the current range)
đȘ Stop Loss (SL): $152.5 (below the critical support level)
It seems like #Solana has reached a local top, with the key support area to watch being between $152.50 and $157.75. If it breaks below $152.50, the direct upside scenario could be challenged. In this case, an alternative scenario might play out, indicating a different micro structure without invalidating the overall wave count. Currently, the move appears to be a three-wave rally, but to confirm it as wave three to the upside, we need a break above $163.50. If the support level is broken, it could mean wave two is still unfolding, with a potential target for wave C around $135. The situation remains uncertain, and the key level to watch is $152.50âany break below this would require a reassessment of the micro structure.
