$SOL is showing signs of bottom formation on the 1H timeframe after a sharp corrective move from the 85.50 resistance zone. Price swept liquidity below 81.00 and is now stabilizing with higher lows, indicating buyer absorption near support.
A strong rejection wick from the 80.50–81.00 demand area suggests bulls are stepping in. If momentum builds, we can expect a relief rally back toward the previous supply zone around 84.50–85.50.
Trade Setup:
Long Entry: 81.40 – 81.70
TP1: 83.00
TP2: 84.20
TP3: 85.50
SL: 80.40
A sustained move above 83.00 will confirm bullish continuation toward the highlighted resistance block. Failure to hold 80.40 invalidates the setup.
Market Outlook:
Short-term momentum is shifting bullish after a liquidity grab. As long as price holds above the 80.50 support, upside continuation toward the 85.00 supply zone remains highly probable.