After a sharp intraday drop toward 141.1, SOL showed a clear bounce, followed by stabilisation. On the 15m–1H structure, selling pressure is weakening and short-term buyers are stepping in — a classic bounce-from-demand setup.
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Mr_StaffordErick1
· 12-05 14:11
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GateUser-c993739e
· 12-05 05:57
Despite the short-term decline, the trend remains bullish, so there’s no need to panic about your long positions. The probability of breaking through 3250 is still quite high.
$SOL
Current Price: ~142.1 USDT
24H Change: ~+0.12%
After a sharp intraday drop toward 141.1, SOL showed a clear bounce, followed by stabilisation. On the 15m–1H structure, selling pressure is weakening and short-term buyers are stepping in — a classic bounce-from-demand setup.
Market Structure Insight
Price respected the 141.0–141.3 support zone
Long lower wicks indicate buying interest
Minor higher low forming → momentum rebuilding
A clean push above 143.0 can confirm continuation
Trade Setup (Long Bias)
Entry Zone: 141.8 – 142.3
Target 1 🎯: 143.2
Target 2 🎯: 144.8
Target 3 🎯: 146.9
Stop Loss: 140.8 (below demand & wick low)
Execution Plan
Conservative traders → wait for 1H close above 143
Aggressive traders → scale in near current price
If volume expands on breakout, momentum scalp can turn into a swing
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