SOL is recovering – Is it a buying opportunity or just a short bounce?

Solana (SOL) has bounced back from the low of 135.50 and is currently trading around 139.83, showing signs of recovery after a significant drop earlier. However, the resistance zone at 145 - 147 above could pose a major challenge, where selling pressure from previous positions may emerge.

The question is: Is this a signal for a stronger rally or just a short bounce before further decline?

Looking at the chart, SOL has reacted well to the support zone of 137 - 135, allowing buyers to regain control of the market. If the upward momentum continues and the price maintains above this zone, a buying strategy could yield good profits.

Buying strategy – How to enter the trade?

• If you want to optimize your entry point, you can wait for the price to revisit the 137 - 135 zone, observing the price reaction to find a buying signal. Stop loss can be placed below 134.5.

• If the price holds above 139, you can enter the trade with the expectation to take profit at 144 - 145 and further at the 147 zone.

• If the price breaks and closes above 147 with strong volume, then you may consider opening additional positions for a breakout with higher targets.

Do you think SOL will return to test the liquidity of the support zone before moving on? Or is the current buying force strong enough to push the price up immediately?

The market always tests patience: Will you wait for a good entry point or jump in due to FOMO?

Now it’s your turn: Which strategy will you choose?$SOL

#