$SOL Bounce or Breakdown Retest?
SOL is trading at $138.94, bouncing sharply off the $138.20 support zone. Bulls are regaining some ground, but resistance looms just ahead and will test momentum strength.
Key Levels to Watch
• Resistance: $140.20 – A confirmed breakout could lift price toward $142.00 and $143.80.
• Support: $138.20 – A breakdown below this may send SOL toward $136.00 and $133.50.
Trade Setup – Mid-Range Reversal or Trap?
• Bullish Entry: Above $140.20
• TP1: $142.00
• TP2: $143.80
• Bearish Entry: Below $138.20
• TP1: $136.00
• TP2: $133.50
Stop-Loss: Use controlled SLs around breakout/breakdown zones to avoid high volatility shakeouts.