( $SOL Perp – 1H timeframe ):
🔷 Market Overview
Current Price: ~130.20
24H Range: 125.17 – 132.09
Trend Context: Short-term recovery after a sharp sell-off
The chart shows high volatility followed by stabilization, which is often a transition phase between panic selling and structured accumulation.
🔷 Price Action Analysis
1️⃣ Strong Volatility Event
There is a large impulsive bearish candle (long blue candle) → indicates forced selling / stop-loss hunt / liquidation
Immediately followed by long lower wicks → strong buying interest at lower levels
This is a classic liquidity grab.
2️⃣ Key Support Zone (Attractive Area)
📍 Support: 128.8 – 129.5
Price strongly rejected below this zone
Multiple candle closes above it
Buyers defended this area aggressively
👉 This zone is attractive for buyers, as it has proven demand
3️⃣ Short-Term Resistance
📍 Resistance: 131.8 – 132.2
Previous high
Upper rejection wicks visible
Likely profit-taking area
A clean break and close above this zone would confirm bullish continuation.
🔷 Volume Insight
Volume spike during the dump → confirms capitulation
Declining volume during consolidation → healthy structure, not distribution
This suggests selling pressure is exhausted.
🔷 Moving Averages (MA 5 & MA 10)
Short MAs are starting to flatten
Price is hovering near MA(5), signaling balance
A bullish crossover would strengthen upside momentum
🔷 Market Structure Summary
✔ Liquidity sweep completed
✔ Demand zone respected
✔ Consolidation forming (base building)
This structure is technically attractive, especially for:
Short-term swing trades
Mean reversion setups
Breakout traders watching 132+
🔷 Scenarios
🟢 Bullish Scenario (Preferred)
Hold above 129
Break & close above 132
Target: 134 → 138
🔴 Bearish Invalidation
close below 128.8
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