Alright, looking at this SOL/USDT โ 1D chart ๐
Whatโs happening
Strong dump: Price fell hard from the 140s down to ~100 โ clear capitulation move
Long red candles + volume spike: Panic selling / stop hunts likely finished
Current price: ~103
Big bearish trend overall, but the sell-off looks exhausted
Key levels
Support: 95โ100 (major demand zone, buyers stepped in here)
Resistance 1: 110โ112 (first bounce target)
Resistance 2: 118โ120 (your marked zone, +13โ14% move)
Market structure
Trend = bearish
Short-term = dead-cat bounce / relief rally possible
No confirmation of reversal yet (needs higher highs + strong volume)
Scenarios
โ Holds above 100: Likely bounce toward 110 โ 118
โ Breaks below 95: Next drop toward 88โ90
Conclusion
This is high risk but high reward:
Good for short-term bounce trades
Not a confirmed buy for long-term yet
Wait for daily close strength above 110 for safer bullish confirmation
#sol #buy $SOL
Whatโs happening
Strong dump: Price fell hard from the 140s down to ~100 โ clear capitulation move
Long red candles + volume spike: Panic selling / stop hunts likely finished
Current price: ~103
Big bearish trend overall, but the sell-off looks exhausted
Key levels
Support: 95โ100 (major demand zone, buyers stepped in here)
Resistance 1: 110โ112 (first bounce target)
Resistance 2: 118โ120 (your marked zone, +13โ14% move)
Market structure
Trend = bearish
Short-term = dead-cat bounce / relief rally possible
No confirmation of reversal yet (needs higher highs + strong volume)
Scenarios
โ Holds above 100: Likely bounce toward 110 โ 118
โ Breaks below 95: Next drop toward 88โ90
Conclusion
This is high risk but high reward:
Good for short-term bounce trades
Not a confirmed buy for long-term yet
Wait for daily close strength above 110 for safer bullish confirmation
#sol #buy $SOL