Solana $SOL : Have the whales started setting traps for sellers?
Current data on the Binance platform reveals secrets not visible on the regular chart. If you're trading SOL now, you need to understand what's happening behind the scenes between "smart traders" and the whales.
Data Analysis:
We currently have over 700 whales in a huge profit from short positions opened at levels of $101. But interestingly, the net buy volume in the past 30 minutes has significantly exceeded the sell volume. The whales have started accumulating at levels of $86.
Proposed Trading Plan:
Based on the presence of huge "trapped" liquidity for buyers at levels of $91.62, we expect a price bounce to test this area and flush out late sellers.
- Entry Area: $86.50 - $87.10
- First Target: $91.50 (Buyer Equilibrium Area)
- Second Target: $94.80
- Stop Loss: $83.90
The market is currently in a "technical bounce" phase, and the data indicates latent buying strength trying to push the price up before any further decline.
What do you think? Do we see $SOL return above $90 today, or is the decline ongoing? Share your predictions in the comments!