๐ฅ $SOL โ Short-Term Pressure, Bounce Zone in Play ๐ฅ
SOL is facing strong intraday selling pressure on the 15M chart after rejecting near the 124 zone ๐, with price now hovering around 120 where buyers are starting to defend ๐ก๏ธ. The sharp bearish candles show momentum weakness, but long lower wicks near the lows hint at a possible short-term relief bounce ๐ if this support holds. As long as SOL stays above this demand area, a technical recovery toward nearby resistance is possible ๐, while a clear breakdown could extend the downside โ ๏ธ.
Trade Setup: Trade Setup: Long ๐
Entry Zone: 119.50 โ 120.30
Target 1: 121.80 ๐ฏ
Target 2: 123.00 ๐ฏ
Target 3: 124.20 ๐ฏ
Stop-Loss: 118.40 โ