đ $SOL Spot Setup â Buyers Eye the Channel Breakout
London dragged Solana from 196 down to 182, but this looks more like a clean buy-the-dip setup than weakness. đ
Chart-backed observations:
1ïžâŁ The 15m chart shows 5 consecutive red candles inside a clear descending Pitchfork channel, with price now hugging the lower band near 182 â a classic liquidity sweep zone.
2ïžâŁ London sessionâs range hit 1176, and each drive lower met visible absorption â long wicks and slower momentum below 185.
3ïžâŁ New Yorkâs prior low near 186 aligned with current retests, confirming short-term accumulation inside the lower quadrant of the channel.
That structure plus the long rejection tails suggests buyers quietly loading under 185 for a reversal into the upper band.
đ Spot Trade Setup (Long-only)
Entry Zone: 181 â 183
Target 1: 187
Target 2: 192
Target 3: 198
Stop Loss: below 179 (under demand wick)
Risk: 0.5â1%
If you grabbed $SOL here, even a $500 spot buy aiming for 198 could yield +$40â$50 profit with tight control.
Traderâs Take:
London flushed liquidity, NY often reclaims. The structure suggests buyers may soon flip the short-term trend once that descending channel breaks. Volume thinning as price compresses â classic setup for an upside squeeze.
Micro-story:
Last time $SOL showed this same London bleed + NY reclaim combo, it ripped +6% within 12h. âĄ
Spot trade only. Trade your size.
Are you layering buys in this range or waiting for a 186 reclaim confirmation? đ
