I’m watching $SOL very closely right now. The overall trend is still bearish, and price is trading below the recent breakdown area. Because of this, it’s better to stay patient and avoid taking any rushed decision at current levels.
The key level I’m waiting for is around 119. If price reaches this zone, two scenarios can play out. A reversal is very likely from there due to strong support, but there is also a chance of a bullish trap where price briefly bounces and then continues lower.
In the second case, SOL could hunt liquidity toward the 100 zone before forming a proper bottom. Until price reaches the decision area, waiting and observing is the safest approach.
