$SOL squeeze loading near 65 ๐
Late sellers may be walking into a trap here. Price compressed hard after the wedge breakdown, bounced off 60, and is now coiling right on the ascending dashed support near 64-65. That's not weakness โ that's a setup building pressure. ๐ฏ
Upside trigger: a clean break above 68 opens the path toward 82 resistance. โก
Downside invalidation: daily close below 63 flips this into a 60 retest. That's where late longs get punished.
Shorts leaning on this compression may be the ones caught off guard. ๐ฅ Momentum from the June 5 reversal is still intact and the structure favors buyers holding this level.
82 is the magnet if 68 breaks. Until then, 65 is doing the work. ๐
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