$SOL | Key Demand Zone in Focus – Rebound Setup?
SOL is trading near $102.61 after facing rejection around $106.80–$107.00 on the 1H chart.
The recent selloff has created a lower-high structure, suggesting sellers still control short-term momentum. However, price is now approaching an important demand zone.
My Trading Plan:
Buy Zone: $101.00–$102.20
Targets:
- TP1: $103.00
- TP2: $104.50
- TP3: $106.80–$107.40
Stop Loss: Below $100.80
What I'm Watching:
A liquidity sweep toward $101 followed by a strong 1H bullish close could signal buyer absorption.
Reclaiming $103 would be the first sign of recovery, while a break above $104.50 could open the path toward the major supply zone at $107.
But if $101 fails to hold, the bullish setup weakens and further downside becomes possible.
My View: I'm not rushing into an entry. I prefer a confirmed reaction from demand rather than catching a falling knife.
Confirmation first, entry second.
Not financial advice. DYOR.
$SOL #Solana #Altcoin Season# #Macro Insights#
SOL is trading near $102.61 after facing rejection around $106.80–$107.00 on the 1H chart.
The recent selloff has created a lower-high structure, suggesting sellers still control short-term momentum. However, price is now approaching an important demand zone.
My Trading Plan:
Buy Zone: $101.00–$102.20
Targets:
- TP1: $103.00
- TP2: $104.50
- TP3: $106.80–$107.40
Stop Loss: Below $100.80
What I'm Watching:
A liquidity sweep toward $101 followed by a strong 1H bullish close could signal buyer absorption.
Reclaiming $103 would be the first sign of recovery, while a break above $104.50 could open the path toward the major supply zone at $107.
But if $101 fails to hold, the bullish setup weakens and further downside becomes possible.
My View: I'm not rushing into an entry. I prefer a confirmed reaction from demand rather than catching a falling knife.
Confirmation first, entry second.
Not financial advice. DYOR.
$SOL #Solana #Altcoin Season# #Macro Insights#