$SOL has found a solid footing above the critical 122.99 support after a significant drop. The price is now consolidating and building a base, signaling the selling pressure has been absorbed. This sets the stage for a powerful reversal rally back toward the 24h high.
TRADE SETUP
· ENTRY ZONE: 124.50 - 124.90
· TAKE PROFIT 1: 127.00
· TAKE PROFIT 2: 130.00
· STOP LOSS: 123.50
SHORT MARKET OUTLOOK
Bearish momentum is exhausted at support. The immediate trend is setting up for a bullish reversal, targeting a recovery to 127.00+. The crucial support for this reversal structure is 124.00. A sustained move above 125.20 confirms the uptrend has resumed.
Buy and trade here on $SOL
SOL
135.55
+1.25%