Sharp move ⚡ SOLUSDT just reminded the market who’s in control!
On the 1H timeframe, SOL showed a high-volatility swing that traders should not ignore. After topping near $106, price faced strong selling pressure and slid aggressively to a liquidity sweep around $67 📉. This kind of sharp drop often shakes out weak hands before the next phase begins.
What’s interesting is the reaction after the dump 👀
SOL didn’t stay at the lows for long. Buyers stepped in fast, pushing price back toward the $86–$88 zone, where it’s currently consolidating. This tells us one thing clearly: demand exists at lower levels 💪
Key Observations 🔍
Trend: Short-term trend is still weak, but the panic sell-off looks exhausted
Support zone: $82 – $78 (previous demand + consolidation area) 🛡️
Resistance zone: $90 – $94 (near MA levels & prior rejection) 🚧
RSI (6): Around 42, showing neutral momentum — neither overbought nor oversold ⚖️
What can traders watch next? 👇
🔹 If SOL holds above $82 and volume increases, a relief bounce toward $90–$94 is possible
🔹 If price fails to hold $82, another retest of lower supports cannot be ruled out
🔹 Best strategy right now: wait for confirmation, not emotions 🧠❌
Trader’s lesson 📘
Moves like this are classic examples of why emotion-driven trading hurts beginners. The market creates fear at bottoms and excitement at tops. Smart traders focus on structure, levels, and risk management — not candles alone.
⚠️ Not financial advice. Always use stop-loss and manage your risk.
What’s your bias on SOL from here — Long 🟢 or Short 🔴?
Drop your view in the comments 👇🔥
