$SOL - LONG Setup
Entry: 120.50 – 121.50 (On a bounce from the immediate support zone with bullish confirmation)
Target 1:125.00
Target 2:128.00
Stop Loss:119.50 (Below the 24h low and key support)
My View:
SOL is pulling back to a critical support area after a recent downtrend.The price is testing the $120.50–$121.50 zone, which has acted as both support and resistance in the past and is now being tested as a potential basing area. The order book shows substantial bid walls building just below the current price, indicating strong buying interest at these levels. While the longer-term trend is still corrective, this level represents a major historical support zone. I'm looking for a bullish reversal candle in this demand area to enter long, targeting a technical bounce back towards the middle of the recent range.
Bias: Bullish above $120.50. A breakdown below $119.50 would signal a continuation of the downtrend.
Disclaimer:My plan. Not advice. Trade your own risk.
