Technical analysis by ColdBloodedCharter about Symbol SOL: Buy recommendation (10/31/2025)

SOL has had $154M in #ETF inflows this week, not bad for the first few days on the market. But this is not a reason for a LONG ($187) I have just opened. The original plan was to LONG the $205 breakout for a while, but a HIDDEN BEARISH RSI divergence flashed and the $205 resistance got retested, printing a LOWER HIGH again, and the price dipped to retest the 200 MA + the ascending trendline (confluence of SUPPORT). It was the 4th retest this month and it has been solid, each time giving us a HIGHER LOW as well. I highlighted in light-blue also a horizontal SUPPORT ZONE and #solana has been sitting inside of it, so there is plenty of support of all kinds, including a GOLDEN POCKET ($172 - $176). A sequence of 2 HIDDEN BULLISH OBV divergences triggered this LONG at the end. And below the pocket is where I would EXIT this trade — 2 or 3 candle closes (4-hour ones, not the daily ones) and I'm out. I also highlighted an interesting fractal of price action: notice the Q4 2024 resemblance to the current behaviour — DOWNTREND toward the same horizontal support ZONE supported by the 200 MA, followed by a huge SURGE. This is quite a risky trade due to the general market circumstances, and I will monitor the reaction very closely around $200 again, and possibly add to size on a BREAKOUT as originally intended. 💙👽 #long