🟢 $SOL Collapse Area - Smart Money Trap or Deeper Flow Coming? | My Full Opinion on the Market
Sol is swinging around $185, it feels like that quiet moment before something happens. The chart looks heavy, forming a clear descending triangle as the price continues to reach lower highs and sit right on the same support near $178-$180. That area has been tested multiple times, and each bounce seems weaker now.
The candles tell the story too - small bodies, long wicks from the top, buyers are pushing but can't hold it. It's a kind of tired bounce, as if the market is losing its breath. The volume is also fading which means there's no real conviction from the bulls right now.
Money flow is still in the red, big wallets sold more than they bought again. And margin traders... yes, they keep entering long positions as if it were free money. The buy-to-sell ratio is above 1.3, which usually means another flow is coming to flush them out before any real bounce starts.
If $178 breaks, it could be quick. There's liquidity below, and the next pocket of steady demand is around $170-$172. I think smart money will return there, not before. The quick drop there with a sharp recovery could be the false bottom that shakes out weak hands.
But if the bulls somehow push above $190 again and hold it at the close, we'll flip the short-term bias - opening a clean opportunity at $200-$205.
😺 My opinion: $SOL in that tough area. It's neither bullish nor dead. I won't get close until I see how it reacts near $178. If it breaks below that, I start thinking about buying between $170-$175. If that fails too, I'll step back and let it bleed a little more. It seems the market wants one last shake before the next step up. $XRP
