$SOL Chart Summary

• Current Price: $139.41

• 24h High: $148.81

• 24h Low: $135.69

• Recent Low Wick: $135.69 (strong bounce zone)

• Change (24h): -3.85%

• Overall Trend: Short-term downtrend, but a strong bounce just occurred.

🧠 Technical Analysis

1. Trend Observation (Short Term):

• Strong downward move from ~$148 to ~$135 in a short time = panic sell-off / stop-loss hunt.

• A long wick candle at $135.69 signals buyer strength at that level.

2. Support & Resistance:

• Strong support: $135.50 - $136.00 (buyers stepped in hard)

• Short-term resistance: $140.80, $143.60

• Major resistance zone: $148.00 - recent local high

3. Volume & Momentum:

• Volume spike at the bottom suggests capitulation or bottom fishing by smart money.

• KDJ (bottom-right): not fully visible, but recent bounce indicates K% may cross D%, which is bullish if confirmed.

4. Candlestick Pattern:

• The most recent green candle after a long red one forms a bullish engulfing setup, signaling potential reversal if followed by volume and continuation.

✅ Trade Signal Strategy

🟢 Possible Long Setup (Bounce Play)

• Entry: $137.90 – $139.50 (if retested with small wick)

• Stop-Loss: Below $135.00 (to avoid fakeout traps)

• Target 1: $143.50 (first key resistance)

• Target 2: $147.50 – $148.00 (retest of recent high)

• Risk/Reward: ~1:2.5 (favorable)

⚠️ Wait for confirmation: a green candle close above $140.50 with decent volume will increase signal strength.

🔴 Alternate Short Setup (If Rejected)

• Entry: $140.80 – $141.50 (if price gets rejected)

• Stop-Loss: Above $143.00

• Target 1: $136.00

• Target 2: $132.50 (if trend resumes downward)

⚠️ Only short if bounce fails and price gets rejected hard with low volume.

📌 Final Suggestion:

Watch $135.50 zone closely.

If price holds above this level and breaks $141 with volume, long is safer.

If rejected below $140 again, wait for more confirmation.

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