$SOL is showing strong volatility after a sharp sell-off.
Current price is around 116.86 USDT, with a -7.46% move in the last 24 hours. After this aggressive drop, price has reacted from a key intraday low near 116.12, indicating a short-term bounce attempt.
On the 1H timeframe, selling pressure looks exhausted and small bullish candles are starting to form. This often signals relief momentum or a potential dead-cat bounce if volume confirms.
Trade Setup (Short-Term)
ā¢ Entry Zone: 116.20 ā 117.00
ā¢ Target 1 šÆ: 119.20
ā¢ Target 2 šÆ: 121.80
ā¢ Target 3 šÆ: 124.00
ā¢ Stop Loss: 114.80
Market View
116ā117 is acting as local demand
119ā120 is the first resistance zone
A clean break above 121.8 with volume can shift momentum bullish on lower timeframes
Failure to hold 116 may open downside toward 112ā110
This is a reaction-based setup, not trend confirmation yet.
Manage risk strictly and wait for volume expansion on breakout.