$SOL long wicks at the bottom of candles, it means:
> "Price tried to go down, but buyers stepped in and pushed it back up."
In other words:
Sellers tried to break support, but failed
Buyers are strong at that price zone
This often signals a bullish reversal or bounce
---
📊 What Your Chart Shows:
You highlighted several candles (inside the red circle), and here’s what they’re telling:
All of them have long bottom wicks
Most are green candles, closing higher
The price repeatedly bounces from the $153 area
👉 That means:
> $153 is acting as a strong support level.
---
🧠 What It Means for Traders:
Candle Pattern Trading Signal
Long bottom wicks Buyers rejected the lower prices
Green close Bulls regained control
Multiple wick candles Strong demand/support zone confirmed
Bounce from same level Possible scalping or swing buy setup
---
🎯 Trade Setup
Support Zone: $152.50–$153.00
Buy Entry: If price dips to this zone and forms another long wick
Stop Loss: Just below the lowest wick (e.g., $152.30)
Take Profit: Target previous high (e.g., $154.50–$155+) #solana #sol