SOL

What the call was based on

Bitcoin's squeeze above $68K has kept the tape risk-on, and SOL is confirming with a break above the 20-day high on 123.3% of average volume and rising open interest. I prefer buying a retest of 78.05-79.25 for a swing toward the EMA200 at 89.14. The risk is that the weekly trend is still down, the 4h RSI is 83.4, and retail is already crowded long.

• Price +5.6%, OI +4.6%: real bid can outrun BTC
• Vol 123.3% avg; 20d high 77.84 reclaimed
• Weekly down; EMA200 still 8.5% overhead
• H4 RSI 83.4; retail L/S 2.07; 68% lower, n=19
• Daily RSI 57.3, MACD hist +0.2247