SOLUSDT trades at $74.27 (+0.42%). The key governance story is SGP-0003 — a validator proposal that would push daily SOL burns from ~$47K to ~$650K by overhauling fees and doubling the disinflation rate. It needs 40M more SOL in validator support within two weeks to reach a vote. Morgan Stanley's recent SOL ETP launch adds another institutional access point in the background.Bias: Bullish, but conditional on price coming back down first. Price is currently ~2% above the $72.79–$71.96 buying order block that this whole setup is built around. Daily RSI at 46.17 leaves room for that pullback without flipping the broader picture bearish.
The plan: Wait for price to retrace into $72.79–$71.96, then look for a bounce. Entry doesn't trigger until that zone is actually tested — this is not a "buy the current price" setup.
Levels (entry $72.79, SL $71.29, risk $1.50 / 2.06%):
TP1 $74.30 → +2.07% → ~1.0R
TP2 $76.55 → +5.17% → ~2.5R
TP3 $80.29 → +10.31% → ~5.0R, into HTF selling block $80.29–$82.80
Analysis: The order block only means something if price actually reacts there — if it breaks straight through $71.96 with volume, the thesis is invalidated, not just "on hold."
Common mistake: entering early because you're anxious to not miss the move. The entry is the retest, not the current candle. If price never comes back, that's a missed trade — not a reason to chase.
Not financial advice — size and plan your own risk.
#SOL #Solana #Crypto #TradingView
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.