$SOL : Is it time to buy? Strong signals for a SOL rebound! 🚀🟢
Hello everyone! After the latest correction Solana (SOL) went through, dropping from the $120 levels to the $112 area, some technical signals have started to appear that may support the idea of a bullish bounce in the short term.
🔍 Why do we see a buying (Long) opportunity now?
1. Negative Funding Rate: The funding rate is currently negative (-0.00673%), meaning that short positions (Shorts) are paying fees to long positions. This situation often precedes "selling pressure" (Short Squeeze) and a strong upward rebound.
2. Strong support wall: Despite the current selling pressure, the order book shows a large accumulation of buy orders in the $112–$113 area, providing a solid base for the price.
3. Technical indicators: The RSI indicator is approaching oversold zones on shorter timeframes, suggesting that bearish momentum may be starting to run out.
🎯 Suggested trading plan (Long):
🟢 Entry: around $113.50 - $114.20$
🛑 Stop loss: $111.50 (strict risk management)
✅ Targets:
· First target: $116.50
· Second target: $119.50
· Third target: $122.00
Do you expect SOL to rebound from these zones? Share your thoughts in the comments! 👇🤔🤔🤔🤔🤔🤔
#SOL #SOLUSDT #Binance # BinanceSquare# #Trading #Technical_Analysis # Long #Crypto #Digital_Currencies #Futures #Buy # ShortSqueeze#
Hello everyone! After the latest correction Solana (SOL) went through, dropping from the $120 levels to the $112 area, some technical signals have started to appear that may support the idea of a bullish bounce in the short term.
🔍 Why do we see a buying (Long) opportunity now?
1. Negative Funding Rate: The funding rate is currently negative (-0.00673%), meaning that short positions (Shorts) are paying fees to long positions. This situation often precedes "selling pressure" (Short Squeeze) and a strong upward rebound.
2. Strong support wall: Despite the current selling pressure, the order book shows a large accumulation of buy orders in the $112–$113 area, providing a solid base for the price.
3. Technical indicators: The RSI indicator is approaching oversold zones on shorter timeframes, suggesting that bearish momentum may be starting to run out.
🎯 Suggested trading plan (Long):
🟢 Entry: around $113.50 - $114.20$
🛑 Stop loss: $111.50 (strict risk management)
✅ Targets:
· First target: $116.50
· Second target: $119.50
· Third target: $122.00
Do you expect SOL to rebound from these zones? Share your thoughts in the comments! 👇🤔🤔🤔🤔🤔🤔
#SOL #SOLUSDT #Binance # BinanceSquare# #Trading #Technical_Analysis # Long #Crypto #Digital_Currencies #Futures #Buy # ShortSqueeze#
