$SOL 📉 Trend Check:
SOL is clearly in a strong bearish structure on the 4H chart. Price is trading below EMA 7, EMA 25, and EMA 99, which confirms sellers still control the market.
🧱 Key Levels:
• Support: 117–118 (recent bounce zone, weak but active)
• Immediate Resistance: 126–128 (EMA cluster = sell zone)
• Major Resistance: 132+ (trend invalidation level)
⚠️ Price Action Insight:
The sharp dump from ~126 to 117 shows panic selling, followed by a dead-cat bounce. Current recovery looks corrective, not reversal. Volume doesn’t support a strong bullish continuation yet.
🎯 FX Bias:
• Below 126: Bearish → sell rallies
• Above 128 (4H close): Short-term relief bounce possible
• Below 117: Next leg down likely
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SOL
123.94
+1.33%