✅ $SOL — Dip defended aggressively, sellers failing to press lower 🚀
Long $SOL
Entry: 121.5 – 123.5
SL: 116.8
TP1: 128.5
TP2: 134.8
TP3: 142.0
SOL just swept liquidity below the recent range low, taking out stops and weak hands, but buyers stepped in HARD — price reclaimed the zone quickly with strong volume absorption on the lows. This classic fakeout/liquidity grab followed by fast recovery is a textbook sign of strong underlying demand, not a true breakdown.
The pullback now looks purely corrective within the broader uptrend: momentum indicators (RSI, MACD) are stabilizing and starting to curl higher again from oversold territory on lower timeframes, while price holds firmly above key dynamic supports (EMA20/50 on 4H). No fresh lower lows have been made, and selling pressure is drying up fast — classic setup for continuation higher as long as the base around 120–122 stays defended.
Structure remains bullish overall: as long as we hold above 116.8 (invalidating the setup), the path of least resistance points toward these layered targets — excellent R:R if SOL reclaims 125+ with conviction and volume. Watch for a strong green candle close above 125 to confirm the next impulsive leg up.
Trade $SOL here 👇
