$SOL
price is reacting after a sharp sell-off into demand, and the structure is starting to stabilize — this is where momentum usually resets before the next move.
Market read
I’m seeing $SOL reject from the 118.80–119.10 area and sell aggressively into the 114.20 zone, where liquidity was clearly swept. That move was impulsive, but the reaction from 114.20 was immediate, showing buyers were positioned there. Price is now hovering around 115.50–116.00 with recovery candles forming. Selling pressure has slowed, volatility is cooling, and structure is trying to build a base. As long as this demand holds, I’m leaning toward a recovery move rather than continuation lower.
Entry point
I’m looking to enter between 114.80 – 116.00
This zone aligns with short-term demand after the liquidity sweep. I want price to stay above this area and show acceptance.
Target point
TP1: 118.20 – first resistance and breakdown level
TP2: 121.00 – previous rejection zone
TP3: 126.50 – bullish continuation if momentum fully shifts
Stop loss
112.90
If price closes below this level, the demand structure fails and I’m out.
How it’s possible
I’m expecting buyers to defend the 114.80–116.00 zone because sell-side liquidity was already taken near 114.20 and sellers failed to continue lower. If buyers stay active, price can reclaim 118.20 quickly, opening the path toward higher targets. A clean break and hold above 121.00 would confirm momentum shift and allow continuation toward the upper range. Risk-to-reward stays clean as long as demand is respected.
I’m ready for action here and I’m sticking to the plan.
Let’s go and Trade now $SOL