$SOL Holding Key Support — Relief Bounce, But Trend Still Heavy
Short Trade Signal (Day Trade):
Sell Zone: 128.50 – 131.00
TP1: 125.20
TP2: 122.80
TP3: 120.80
SL: 133.80
Leverage: 20–40x (risk 1–2%)
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Spot Traders:
Avoid aggressive spot buying here. Safer accumulation zones remain near 122 – 118, where downside risk reduces and structure improves.
Why This Trade:
$SOL bounced from the 121.3 support area and is showing a short-term recovery on the 1H chart, but this move looks corrective rather than a trend reversal. On the 1D timeframe, price is still trading below major resistance and under heavy selling pressure from previous breakdown levels.
The zone between 128 – 132 has acted as strong resistance multiple times, and the recent rejection from 133.9 confirms sellers are still active there. Volume increased on the bounce, but follow-through strength remains weak, suggesting this is more of a relief move than fresh accumulation.
As long as SOL stays below 134, rallies are likely to be sold into. The broader structure still favors downside continuation toward previous demand zones.
Key Levels to Watch:
Support Zones: 125.20, then 122 – 120.80
Resistance Zones: 128.50 – 131.00, major at 134.00
Bias remains sell the bounce, not chase the recovery. Let price come into resistance, wait for confirmation, and manage risk strictly. If you’re not following Token Talk, you’re missing how structured SOL trades are planned.