The $SOL stock has bounced off its recent local low of $170.36 and is now trading around $172.95. Although it's down by -1.41% for the day, the 15-minute chart is showing early signs of a potential short-term reversal.
📊 Trade Setup:
Entry Zone: $172.50 – $173.10
Take Profit 1: $174.80
Take Profit 2: $177.30
Stop Loss: Below $169.90
✅ Why I'm Considering a Buy:
A strong wick at $170.36 suggests buyers stepped in with solid support
Price action is starting to form higher lows — a good reversal indicator
Buying volume is increasing on green candles
The rebound is gaining momentum toward the daily high of $178.33
🔍 Key Level to Watch:
If $SOL breaks above $173.20 with strong volume, there’s a high chance it could quickly retest the $177 level — or even higher.
