⚡️ Market / Price Context
SOL has produced strong impulsive candles, indicating a shift in momentum that may be forming the early stages of an ABC corrective pattern. Rather than extending immediately, the market appears to be preparing for a temporary retracement.
📈 Chart Explanation
The current structure points to the development of Wave (b) following the initial upward move. This corrective phase could provide a healthier market structure before a potential continuation into Wave (c).
🎯 Entry Decision
Instead of chasing the recent move, the preferred approach is to wait for a potential Wave (b) pullback. Monitoring price action around the anticipated retracement area may offer a more favorable entry if the corrective structure develops as expected.
💰 Execution Plan
The strategy focuses on identifying high-quality entry points during the expected pullback while maintaining disciplined risk management. Waiting for confirmation before entering helps reduce exposure if the correction extends further than anticipated.
📈 Outlook
The emerging ABC structure remains constructive as long as the expected correction develops in an orderly manner. A completed Wave (b) could create the foundation for the next bullish leg if momentum returns.
