$SOL caught my attention after a sharp selloff into the 141.9–142.1 zone, followed by an immediate bounce. That move looks like a liquidity sweep below the intraday range, and the fast reaction suggests buyers are active there. If this base continues to hold, the typical follow-up is a smooth rotation back to the upside.
Market Read
$SOL was previously ranging and made a local push up to 143.86 before momentum stalled. Price chopped around and then flushed aggressively. That drop ran stops and was quickly bought up, which points to strong demand around 142. As long as SOL stays above the sweep low, it can rebuild and rotate back toward the middle of the range. If this base fails, downside continuation becomes likely since support would be lost.
Entry Point
EP: 141.95 – 142.35
This area is the base and reclaim zone after the flush. I’m only interested while price remains above the sweep low and continues to show lower-wick rejections.
Target Points
TP1: 143.05
TP2: 143.86
TP3: 144.20
TP1 marks the first reclaim level. TP2 is the previous swing high. TP3 aligns with the 24h high retest, which can be hit quickly if momentum returns.
Stop Loss
SL: 141.55
A breakdown below the base without a reclaim invalidates the setup.
Why This Can Work
If $SOL keeps defending the 142 zone, sellers who entered on the breakdown get trapped, allowing price to rotate back toward 143.05. A strong push above 143.86 would shift momentum bullish again, opening the path to 144.20. The initial flush likely cleared liquidity, and the sharp bounce shows buyers absorbed the selling pressure.
I’m positioned for the rotation.
