Apr. 25 at 1:38 PM
$SLNH — that ~
$1.15 “silver line” got stress tested hard Friday… and it held. That matters.
When a level gets hit that many times and doesn’t break, it’s not weakness — it’s absorption. Sellers threw size, and price didn’t collapse. That’s how squeezes get built.
Monday is the tell:
If
$1.15 holds again → volatility contraction can flip into expansion fast.
Eyes on ~
$1.30 as the first magnet.
Above that, things can accelerate quick if shorts are leaning too heavy.
Lose
$1.15 cleanly though? Different story — then it was just support delaying downside.
Right now, this is a pressure cooker setup 👀📈
👉If this helps, tap @backtesttrend
