š„ $SOL / USDC ā Market Analysis š„
Price: ~$79.2
$SOL is trading near 78.2 after a heavy sell-off from 93.2. Price recently swept liquidity around 77.4, where some buying reaction appeared. However, the 1H market structure remains bearish, so any upside is counter-trend for now.
š Key Levels
Support: 77.0 ā 76.5
Resistance: 80.5 ā 83.0
š Market Outlook
After such a sharp drop, a short-term relief bounce is possible if SOL holds above 77.
The volume spike during the sell-off suggests panic selling, which often precedes a temporary bounce, not a full trend reversal.
If 77 fails, downside toward 74 ā 72 remains on the table.
š¢ Possible LONG (Short-Term Counter-Trend)
Entry Zone: 77.5 ā 78.5
TP1: 80.5
TP2: 83.0
Stop Loss: Below 76.2
ā ļø Strict risk management required ā this is a scalp / relief bounce, not trend-following.
š¬ Your view:
Dead-cat bounce or continuation lower?
š Share your take
#SOL #SOLUSDC #PerpTrading #CryptoAnalysis #Binance
