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$SOL IS LOADING AT A KEY DEMAND ZONE -$
TARGET $117 IS NEXT Risk/reward of 10.82. This is not a trade. This is a gift
Entry: $84.06
DCA: $83.60
TP: $117.02
SL: $81.45
Price has been bleeding since the $150 top and just broke below a major structure level on the 4H. But zoom out to the daily and the picture changes completely. $SOL is sitting right at the 0.5 Fibonacci level a zone that has held as major support across the entire macro structure. The descending trendline from the highs has been acting as resistance for months. Price is now pressing against it from below and the daily demand zone is active right here The 4H shows a clean demand block between $84.06 and $84.46 with price wicking into it and holding. That red zone below current price is the only thing standing between here and $81.45. The 0-618 Fibonacci level sits at $117.02 - that is the exact target drawn on the chart. A 38.55% move from current price with only 3.56% risk. Risk/reward of
10.82 speaks for itself
This is the last discount before SOL reclaims the macro range. The structure on the daily is still intact and that trendline break is coming. $81-45 closes below and the demand zone is gone - exit immediately. Until then, the 0.5 Fib held, the zone is active, and $117 is the destination
$SOL
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