🚀 $SOL Stabilizing at Major Structural Floor After 20% Correction
Current Price 118.5 is holding above key support (Support = 116, MA5 ~ 119, MA10 ~ 120). Short-term consolidation near this multi-month floor suggests buyers are stepping in, signaling a potential high-probability reversal zone.
Recent candles show lower selling volume near the lows, which may indicate short-term exhaustion before a possible relief rally. Overall structure supports a bullish bounce scenario.
Entry long $SOL :
• On a pullback into 117 – 119 area (structural floor / MA5 acting as support)
• Alternatively, on a clean break and close above 119 (short-term resistance)
Stop-Loss:
• For pullback entry near 117 → SL 115.4
• For breakout entry above 119 → SL 117
Targets
Primary Target: 124
Secondary Target: 126