$SOL : Hard Support Rebound Setup 🚀
Trading Setup: Long
Entry Zone: 124.5 – 126.5
SL: 122.0
TP1: 130.5
TP2: 132.5
TP3: 135.2
Technical Analysis
$SOL is currently showing a pause in bearish pressure, consolidating near a crucial demand zone. The area around $120 - $125 is a major psychological support, aligning with previous lows. The current price is around $126.50 (Source 1.2), validating the trade is active in the entry zone.
Structure: The D1 and H4 trends are bearish, but the price is now finding solid footing at key support, confirmed by a strong bid liquidity stacked in the order book (Source 1.6). Analysts view the current dip as a calculated "Liquidity Reset" (Source 1.6).
Momentum: Bullish divergence is signaled as the 1H RSI recovers from oversold territory and selling volume dries up. Despite a technical "Strong Sell" rating on the summary, the RSI is meaningfully reset and near oversold (Source 1.4, 1.2), suggesting a technical rebound is imminent.
Execution Trigger
This is a long setup aiming to capitalize on a relief rally from major support. The trade is valid as long as the price holds firmly above the 122.0 Stop-Loss. Targets aim for the immediate resistance levels up to 135.2, with $135 being a key dynamic barrier that needs to be flipped for further short-term bullish continuation (Source 1.6).
