$SOL /USDT – Bounce Opportunity After Intraday Selloff
SOL experienced a steep correction from the $196 zone but is now showing early signs of bottoming out. The current structure suggests a possible short-term relief bounce as price consolidates above $182 with bullish rejection wicks forming.
Entry Price: $185.58
Target 1: $188.80
Target 2: $192.00
Target 3: $194.50
Stop Loss: $182.90
This setup aims to capitalize on a potential rebound from oversold territory. A confirmed breakout above $186 could trigger a wave of recovery into the resistance range.
Risk Management: Allocate 3–5% of capital. Shift SL to entry after Target 1 is achieved to protect gains.
Pro Tip: Watch closely for a breakout candle with strong volume above $186.20. It may confirm short-term trend reversal and momentum continuation.
