Morning Update: Can we make it to the Danger Zone
Solana / USD FTX:SOLUSD
This is not a nod to the 1980’s TOP GUN movie.
This morning as it write my update we are getting that selling reprieve I discussed yesterday. My sense is this could last a couple days…but it’s early. There’s strong resistance at $103.60. If we can make it over that we have to contend with the $106-$107 area…then we have $111.
Based on how price has acted this week it would not surprise me if we got to the danger zone…but it’s highly unlikely we’re going above $111 just yet. Today should be a day with upward pressure to consolidation. See you all tonight.
Best to all,
Chris
