$SOL 🚨 [SOLUSDT - MARKET OUTLOOK]

📅 June 21, 2025 | Price: $139.90

After a violent flush down to $135.8 — which looks like a textbook liquidity sweep — SOL is showing signs of a technical bounce. RSI on 1H, 4H, and 1D all dipped below 40, signaling oversold conditions, and the spike in 24h liquidations ($34M) combined with negative funding rates across major exchanges suggests potential short squeeze risk.

📊 Current Structure:

• Confirmed BOS to the downside from $143–$140 zone.

• Strong recovery off the $135.8 base → likely smart money absorption.

• Price is now consolidating around the $140–$141.6 minor supply zone — a critical pivot.

• No BOS to the upside yet → trend is still bearish until proven otherwise.

🧠 Technical Confluence:

• ✅ RSI climbing back above 50 on 5m/15m/1H — healthy recovery momentum.

• ✅ OI rising → new positions being opened (likely long-side).

• ✅ Buyer volume remains steady, no distribution signals yet.

• ⚠️ MACD flat across lower timeframes → market is coiled, waiting for a breakout or rejection trigger.

• ❌ EMA50/100 on 1H still above price — dynamic resistance remains.

📌 Key Levels to Watch:

• 🔑 Resistance: $141.6 → Break & 1H candle close above = room to $143.8–$145+

• 🧱 Support: $139.2 → If retraced, might offer sniper long entry.

• 💥 Rejection at $141.6 with volume drop = high-probability pullback to $137–$135 again.

🎯 Trade Strategy Ideas:

• Buy scalp if price retests $139.2–$139.8 and prints bullish engulfing on 5m/15m

• Sell sniper if price fails to break $141.6 and shows clear rejection

• Wait for clean BOS on 1H or 4H for high-confidence swing long

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🧩 Conclusion:

SOL is in the hands of smart money. The $135–$141 zone could either mark the start of a true reversal or just another distribution trap. As always, let price action, volume, and structure confirm it. Not a market to guess — a market to hunt.

📍 DYOR. Trade with logic, not emotion.