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
➡️ First Reaction at $184
➡️ Strong Confluence at $180–$182 Zone
This zone is packed with support elements:
SOL is currently trading at yOpen — another key pivot level to watch
🟢 Long Trade Setup
🛠 Indicator Used: DriftLine — Pivot Open Zones
For this analysis, I’m using my own published indicator called "DriftLine – Pivot Open Zones [SiDec]" 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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Want breakdowns of other charts? Leave your requests below.
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 [SiDec]" 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.
_________________________________
💬 If you found this helpful, drop a like and comment!
Want breakdowns of other charts? Leave your requests below.
Note
🚨 SOL UpdatePrice has found support at a strong confluence zone:
➡️ 0.618 fib retracement of the current move
➡️ 0.382 fib of the entire bull run from the start
➡️ Weekly level — all aligning around $176
We’ve seen a solid bounce off this zone with TP1 secured, we now monitor for continuation. Invalidation remains clear for the rest of the setup. Let’s see if bulls push through. 📈👀
Note
🚨 SOL UpdateSOL is currently stuck in a trading range right at the yearly open resistance no surprise here, given it’s the weekend.
🟢 A new long opportunity is shaping up between the bpdOpen and wOpen, with confluence backing the zone:
➡️ 1.0 & 1.272 Trend-Based Fib Extensions
➡️ Imbalance (FVG) waiting to be filled
➡️ 0.75 Fib Speed Fan acting as dynamic support
➡️ All stacked within a high-probability reaction zone
🛡️ Invalidation is clear — any breakdown below the weekly open (wOpen) would void this setup.
Note
🚨 SOL Update #3SOL’s been bouncing cleanly off golden pockets
➡️ Next long opportunity is shaping up at the 0.618 fib retracement around $183.13
➡️ That zone also lines up with a liquidity pocket, making it a solid confluence area to watch
🏆 Mastering Fibonacci for precision trading
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🔹 Sharing high-probability trade setups
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🏆 Mastering Fibonacci for precision trading
🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.