🩸 $SOL Oversold – Bounce Loading?

Price: $149.45

24H Low: $148.29

RSI (6): 19.28 – Extremely oversold territory

Today’s Drop: -4.27%

Volume Spike: Late red candle = panic sell?

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Technical Breakdown (4H):

📉 Oversold Alert: RSI under 20 is rare – historically signals strong reversal potential.

🛡 Support Zone: $147–$150 — still defending

📊 Volume: Climbed during drop — capitulation signs?

🔁 MACD: Bearish momentum slowing

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Trade Setup:

🔎 Aggressive Entry: $149–$150

✅ Confirmation Entry: $153+ reclaim

🔒 SL: $146

🎯 Short-Term Target: $160

🧠 Mid-Term Target: $172

Market Context:

SOL is sitting on a multi-week support with an RSI that’s been this low only twice in 2024 – both led to +15–20% bounces within days. Watching for reversal candles & volume divergence now.