$SOL
#SOL - Intense Upward Wave Before Direction Choice
#SOL has risen sharply, but hit a resistance level, and then began a local correction. Now, the asset is balancing between important levels - tension is increasing.
😁 Bullish Scenario:
If buyers maintain the 168-172 dollar area, a bounce back to the weak peak (183-185 dollars) is possible. However, this peak is weak - the breakout may be false.
😢 Bearish Scenario:
A breakout below 168 dollars will open the way to the 156-160 dollar area, where a short bounce is possible. If this support does not hold, we expect the stock to reach the 136-144 dollar level, where a strong bottom and a potential reversal are located.
The price is being squeezed between two main areas, and the market is at a crossroads. The nature of the retreat will show buyer strength. Weak rise from above + accumulation from below = potential retreat in both directions with subsequent reversal.