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$SOL is compressing right under resistance, and late longs may be about to feel it Price is sitting around 89-90 on the weekly, wedged between two patterns pulling in opposite directions. The bullish channel is still intact, but the descending wedge inside it is tightening fast. That kind of squeeze rarely resolves cleanly for the side that's already extended.
The upside trigger is a clean break and hold above 92. If SOL$SOL clears that level with momentum, 94-95 becomes the next area to watch. Below that trigger, the setup stays unconvincing.
The downside invalidation is 86. If price loses that level and holds below 88, the channel support breaks and a retest of 82-84 opens up. That's where a lot of trapped late buyers start feeling real pain.
Right now the candles near the right edge are printing small bodies and a rejection wick on top.
$SOL
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