SOL — Bullish Retest in Motion: Time to Strike?SOL has finally broken through the $180 barrier decisively — a key zone it failed to clear back in May.
Now we’re seeing a retest, which may offer one final dip before continuation. Let’s break down the next high-conviction long opportunity.
🧩 Key Retest Zone: $182–$180
➡️ Retesting Prior Resistance as Support
SOL broke above $180 with conviction and is now pulling back.
➡️ First Reaction at $184
A clean bounce occurred at the anchored VWAP, but this might not be the final low.
➡️ Strong Confluence at $180–$182 Zone
This zone is packed with support elements:
Weekly Open (wOpen): $181.44
nPOC: $180.85
Anchored VWAP: ~$179.90
0.5 Fib retracement (of the larger wave)
0.786 Fib retracement (of the smaller wave)
0.618 Fib Speed Fan — projected for tomorrow’s price path
1H 200 & 233 SMAs supporting from below
SOL is currently trading at yOpen — another key pivot level to watch
🟢 Long Trade Setup
Entry: Laddered between $182–$180 (ideal long entry would be at wOpen)
Stop-loss: Invalidation at $173.35
Target (TP): TBFE 1.0: $218.45 / 0.618 Fib retracement: $219.21
R:R: ~1:4.5
Potential Move: ~+20%
🛠 Indicator Used: DriftLine — Pivot Open Zones
For this analysis, I’m using my own published indicator called "DriftLine – Pivot Open Zones " feel free to check it out on my profile.
It helps identify and visualise critical opens (daily, weekly, previous days), providing real-time support/resistance zones.
➡️ You can use it for free — just check my profile under “Scripts” and add it to your chart.
💡 Pro Tip: Support Zones Are Stronger with Confluence
Don’t rely on a single fib or level. When opens, VWAPs, SMAs, and fibs cluster, the probability of a strong reaction increases.
This is how smart traders define clear entries and invalidation.
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