SOLUSDT trades at $74.27 (+0.42%). The key governance story is SGP-0003 — a validator proposal that would push daily SOL burns from ~$47K to ~$650K by overhauling fees and doubling the disinflation rate. It needs 40M more SOL in validator support within two weeks to reach a vote. Morgan Stanley's recent SOL ETP launch adds another institutional access point in the background.

Bias: Bullish, but conditional on price coming back down first. Price is currently ~2% above the $72.79–$71.96 buying order block that this whole setup is built around. Daily RSI at 46.17 leaves room for that pullback without flipping the broader picture bearish.

The plan: Wait for price to retrace into $72.79–$71.96, then look for a bounce. Entry doesn't trigger until that zone is actually tested — this is not a "buy the current price" setup.

Levels (entry $72.79, SL $71.29, risk $1.50 / 2.06%):

TP1 $74.30 → +2.07% → ~1.0R
TP2 $76.55 → +5.17% → ~2.5R
TP3 $80.29 → +10.31% → ~5.0R, into HTF selling block $80.29–$82.80

Analysis: The order block only means something if price actually reacts there — if it breaks straight through $71.96 with volume, the thesis is invalidated, not just "on hold."

Common mistake: entering early because you're anxious to not miss the move. The entry is the retest, not the current candle. If price never comes back, that's a missed trade — not a reason to chase.

Not financial advice — size and plan your own risk.

#SOL #Solana #Crypto #TradingView