🧵$SOL : Will SOL bounce from the demand zone towards $205?
SOL 1H – Critical test of price memory and momentum
📉 Current price: $162.78
📊 Daily change: -3.11%
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🔹 Structure and key areas
- The demand zone between $155 and $160 represents a strong price memory, which previously triggered a rise towards $210.
- This area has been tested multiple times during July and August, reinforcing its significance as a dynamic support level.
- The next resistance is at $195 (previous lower high) and $210 (previous range high).
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🔹 Momentum context
- The Stoch RSI indicator is in the oversold area, indicating a potential bounce soon.
- Trading volume has started to gradually increase, reflecting growing interest from buyers.
- Recovering the $170–$175 area would be an initial signal of a return to bullish momentum.
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🔹 Trading scenarios
| Scenario | Description | Potential target |
|----------------|------------------------------|---------------------|
| ✅ Bounce from demand | Breakout towards resistance | $195–$205 |
| ⚠️ Break of support | Deeper correction | $148–$136 |
| 🔄 Consolidation | Sideways movement | $155–$165 |
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🔹 Trading idea
- Open a long position from the $158 area with a stop loss below $150 = calculated risk.
- Confirmation of the trend would be a clear breakout above $170 with strong trading volume.
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📌 This area could be a new starting point if bulls intervene strongly
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