$SOL — Relief Bounce Zone Is Active
SOLUSDT
Perp
122.7
-0.00%
just went through a sharp flush and landed directly into a strong demand area around 118. This kind of fast sell-off followed by immediate stabilization often hints at short-term seller exhaustion rather than a full trend breakdown.
I’m watching how price behaves here very closely. If buyers continue to defend this base, a relief bounce toward nearby resistance levels is a realistic scenario. This is not a random long — it’s a reaction trade from support, which means confirmation and discipline matter more than excitement.
Trade Setup (Long):
Entry Zone: 118.0 – 119.0
Target 1: 121.0
Target 2: 123.5
Target 3: 126.0
Stop-Loss: 116.5
Trade light, respect the stop, and let price do the work.