While most of the market is focused on the bearish structure and waiting for prices to keep plunging, I’m watching a particularly sensitive point in $SOL closely around $88.80–$88.90 (the current price is hovering around $88.94).
Technical perspective: Although sellers are in control, with a series of lower highs, price is approaching a strong support zone—where significant buying pressure previously emerged—creating an opportunity for a countertrend bounce.
Personal trade setup:
Entry: Current market price (~$88.94)
Take profit (TP): $90.26
Stop loss (SL): $88.50 (stick to the plan; if support breaks, accept the loss and exit).
Expected scenario: If buyers successfully defend this area and break through $89.40, then $89.80, upward momentum will strengthen and could catch the short sellers off guard.
The market is always most interesting when the crowd is all looking in the same direction. The plan and risks have been carefully considered—let’s see if the buyers can turn the tables!
👉 Quick poll: what do you think?
Do you think $SOL will make a surprise breakout and “flush out” the shorts this time?
Comment 1: Absolutely—accumulating here and waiting for a strong bounce 🚀
Comment 2: The trend is still weak, so I’m staying on the sidelines and watching closely 🛡️
(Disclaimer: This post shares my personal analysis and is not financial investment advice. Always manage your capital and risks carefully).