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Mrs_Rose
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ΑνατιμητικήListen Guys! $SOL has been in a clear downtrend, forming lower highs and lower lows. Price has now reached a well-defined demand zone around the 116 to 120 area, where selling pressure is slowing down and candles are starting to compress.
This zone has previously acted as a reaction area, and current price behavior suggests sellers are getting exhausted. If buyers step in with volume, a corrective move toward higher resistance levels is likely.
Trade Setup: BUY (Reversal Play)
Entry Zone
118 to 126
Targets
TP1: 138
TP2: 150
TP3: 162
Stop Loss
112
Market Structure Insight
The move down looks extended, and price is stabilizing instead of continuing impulsively lower. A break and hold above local structure would confirm the upside continuation.
Risk Management
Keep position size controlled. This is a counter-trend setup, so partial profits on the way up are recommended and stop loss discipline is critical.
#CryptoAnalysis #BinanceBlockchainWeek #USJobsData #WriteToEarnUpgrade
This zone has previously acted as a reaction area, and current price behavior suggests sellers are getting exhausted. If buyers step in with volume, a corrective move toward higher resistance levels is likely.
Trade Setup: BUY (Reversal Play)
Entry Zone
118 to 126
Targets
TP1: 138
TP2: 150
TP3: 162
Stop Loss
112
Market Structure Insight
The move down looks extended, and price is stabilizing instead of continuing impulsively lower. A break and hold above local structure would confirm the upside continuation.
Risk Management
Keep position size controlled. This is a counter-trend setup, so partial profits on the way up are recommended and stop loss discipline is critical.
#CryptoAnalysis #BinanceBlockchainWeek #USJobsData #WriteToEarnUpgrade
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