SOL is currently trading within a high-probability demand zone (123–121) that has been tested multiple times. Price compression at this base suggests that sellers are exhausted, and an upward reaction is likely.
Trade Plan
Entry Zone: 123 – 121
Stop-Loss: Below 121 (Daily close preferred)
Targets:
T1: 132 – 135
T2: 140 – 145 (Major resistance and range high)
Technical Analysis
Strong Horizontal Support: Multiple reactions confirm that buyers are active.
RSI ~35: Near oversold territory → increases the probability of a bounce.
Liquidity Sweep: Wick reversal below support indicates a stop-hunt before the reversal.
Structure: Downside momentum is slowing; base formation is visible.
DYOR | NFA.
✅ Trade here on $SOL
SOLUSDT
Perp
122.86
-4.30%