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【$SOL Signal】Bullish — Healthy Pullback, Buying Pressure Absorbing
$SOL After experiencing a volume-driven decline, the price action indicates a healthy reset rather than a trend reversal. Volume increases alongside price drops, but open interest has not significantly decreased, suggesting this is a long leverage wipeout rather than a main force distribution, and selling pressure has been effectively absorbed.
🎯 Direction: Long
🎯 Entry: 120.5 - 122.5
🛑 Stop Loss: 118.0 ( Rigid Stop Loss )
🚀 Target 1: 128.0
🚀 Target 2: 135.0
$SOL Consolidation above the key support zone (120-122), with declining downward momentum and no signs of panic selling. The LTF chart shows buying actively absorbing sell orders, which is a typical corrective retracement feature. As long as the price stays above 118.0, the market structure remains bullish, and the probability of regaining upward momentum is higher.
Trade here 👇 $SOL
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