$SOL USDT (Perpetual) — Pro Trader Signal Update
Timeframe Observed: 30M
Current Price Zone: 119.5–120.0
Market Mood: Aggressive sell-off, momentum-driven weakness
Market Overview
SOL has delivered a sharp bearish expansion after failing to hold the 125–126 range. Price broke down with strong volume, sliced through all short-term moving averages, and printed a clean liquidity sweep toward 118.77. This was not a slow pullback; it was a forced sell driven by leverage unwind.
Current candles show a small reaction bounce, but structure remains bearish and under seller control.
Trend Bias
Short-term: Strongly bearish
Intraday: Oversold, relief bounce possible
Mid-term: Corrective unless key resistance is reclaimed
Key Support and Resistance
Support Zones
118.5–118.0: Major intraday low and first demand
115.5–114.5: Next downside liquidity zone if 118 fails
110.0–108.0: Strong higher-timeframe demand zone
Resistance Zones
121.5–122.5: First bounce resistance
124.5–125.5: Breakdown zone + MA resistance (high-probability sell area)
127.5–129.0: Bull reclaim zone, structure flips only above this
Next Likely Move
After a vertical drop like this, SOL typically attempts a relief bounce before continuation. The current price action suggests stabilization near 118.8, making a bounce toward 121–123 likely. Unless SOL can reclaim 125 with strength, any bounce is considered corrective.
A clean loss of 118 opens the door for accelerated downside toward 115 and below.
Trade Setup
Primary Bias: Short on Pullbacks
Entry Zone
121.5–124.5 after weak bullish candles or rejection
Targets
TG1: 118.8
TG2: 115.5
TG3: 110.0 if momentum expands
Invalidation
Strong 30M close above 125.5
Alternative Setup: Counter-Trend Long (Scalp Only)
Condition
Price must hold above 118.5 with decreasing sell volume and no large red continuation candles
Targets
TG1: 121.5
TG2: 123.5
TG3: 125.0
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