BullishBanter
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Bearish
$SOL /USD Faces Swift Rejection After Brief Rally – Is This a Pattern Repeating?
#Solana's price action followed a familiar and frustrating script today, climbing steadily toward $120 before experiencing a sudden and aggressive drop back to $114.98 within just a few 15-minute candles. After what looked like a solid upward trend with promising volume, the sharp sell-off erased recent gains, shaking the confidence of intraday traders.
This isn't an isolated case. The structure of this move mirrors what’s been seen in other major assets recently: a slow, steady climb that builds momentum and triggers breakout trades, followed by an unexpected dump that clears stop losses and traps longs. With SOL hitting $119.94 before the reversal, it’s clear that many traders were eyeing psychological resistance around $120 — but the rug was pulled fast.
The timing again raises questions. These quick reversals often come during pockets of thinner liquidity, allowing larger players to move the price more dramatically with fewer orders. Whether this is natural market correction or something more coordinated, the impact on retail sentiment is the same — damaging.
Unless SOL manages to bounce back above $117 and hold that level confidently, bears could maintain the upper hand in the short term. Risk control remains essential, especially as these flash rejections become more frequent in what’s starting to feel like a rigged intraday game.
Trade here on $SOL
#Solana's price action followed a familiar and frustrating script today, climbing steadily toward $120 before experiencing a sudden and aggressive drop back to $114.98 within just a few 15-minute candles. After what looked like a solid upward trend with promising volume, the sharp sell-off erased recent gains, shaking the confidence of intraday traders.
This isn't an isolated case. The structure of this move mirrors what’s been seen in other major assets recently: a slow, steady climb that builds momentum and triggers breakout trades, followed by an unexpected dump that clears stop losses and traps longs. With SOL hitting $119.94 before the reversal, it’s clear that many traders were eyeing psychological resistance around $120 — but the rug was pulled fast.
The timing again raises questions. These quick reversals often come during pockets of thinner liquidity, allowing larger players to move the price more dramatically with fewer orders. Whether this is natural market correction or something more coordinated, the impact on retail sentiment is the same — damaging.
Unless SOL manages to bounce back above $117 and hold that level confidently, bears could maintain the upper hand in the short term. Risk control remains essential, especially as these flash rejections become more frequent in what’s starting to feel like a rigged intraday game.
Trade here on $SOL
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SOL
145.49
-1.72%
