#SOLANA will go higher ❓

The chart still supports potential upside, with key support at $110 (August 5th low) and $119 (78.6% retracement). The Elliott Wave structure suggests a possible five-wave rally, with wave 2 possibly unfolding. A key pivot at $119 will decide if a third wave rally or further downside occurs. The micro structure shows an ABC pattern targeting $130-$131. Short-term, momentum is slowing, but no strong reversal signals are present. Trading decisions hinge on whether to trade within the support area or wait for a breakout above the trend line. Key levels to monitor are $110, $119, $130-$131, and $152.40.

✅ Trading Setup: ( Short 5X to 20X Leverage )

• TP (Take Profit): $130-$131 (target for wave C).

• SL (Stop Loss): $152.40 (wave B high and key resistance level).

• BP (Breakout Point): A break below $140 (to confirm downward momentum) could be a safer entry for the short position.

This setup anticipates a potential pullback towards the $130-$131 support area.

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