🌙 Binance Square — SOL Technical Setup
SOL is entering the “decision zone” ahead of the night session. Price is around $118–119, after previously failing to hold the $120–121 area.
🔥 What’s interesting: the daily trend is still bullish, but the lower timeframe is starting to show selling pressure. Daily RSI is around 63, while 1H RSI is around 50 and the intraday MACD is weakening.
📌 Liquidity & key levels
Support: $117–118
Resistance: $120–121
Major resistance: $123–125
If $117 is swept and then reclaimed → potential liquidity sweep + reversal
If $120–121 is broken with increasing volume → potential breakout
🎯 Bullish scenario Entry: $117.5–119 after rejection/sweep and reclaim
TP1: $121
TP2: $123.5–125
Invalidation: strong close below $116
🔻 Bearish scenario If SOL fails to reclaim $120–121 and sell volume increases: Short entry: $119–120 after rejection
TP1: $117
TP2: $114–115
Invalidation: break & hold above $121
⚠️ Don’t FOMO and chase the candle. What’s more interesting right now is waiting for a liquidity sweep + volume confirmation.
SOL is also getting attention because spot Solana product inflows remain quite strong; the latest report notes about $188 million inflow in one week.
What do you think—tonight SOL will sweep $117 first then bounce, or will it break out above $121? 👀
#Solana #SOLUSDT #BinanceSquare #CryptoTrading #TradingSetup
SOL is entering the “decision zone” ahead of the night session. Price is around $118–119, after previously failing to hold the $120–121 area.
🔥 What’s interesting: the daily trend is still bullish, but the lower timeframe is starting to show selling pressure. Daily RSI is around 63, while 1H RSI is around 50 and the intraday MACD is weakening.
📌 Liquidity & key levels
Support: $117–118
Resistance: $120–121
Major resistance: $123–125
If $117 is swept and then reclaimed → potential liquidity sweep + reversal
If $120–121 is broken with increasing volume → potential breakout
🎯 Bullish scenario Entry: $117.5–119 after rejection/sweep and reclaim
TP1: $121
TP2: $123.5–125
Invalidation: strong close below $116
🔻 Bearish scenario If SOL fails to reclaim $120–121 and sell volume increases: Short entry: $119–120 after rejection
TP1: $117
TP2: $114–115
Invalidation: break & hold above $121
⚠️ Don’t FOMO and chase the candle. What’s more interesting right now is waiting for a liquidity sweep + volume confirmation.
SOL is also getting attention because spot Solana product inflows remain quite strong; the latest report notes about $188 million inflow in one week.
What do you think—tonight SOL will sweep $117 first then bounce, or will it break out above $121? 👀
#Solana #SOLUSDT #BinanceSquare #CryptoTrading #TradingSetup