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【$SOL Signal】Bullish - Healthy Pullback for Accumulation
$SOL Price decline accompanied by high open interest indicates a typical bullish leverage washout rather than main force distribution. The market shows selling pressure being effectively absorbed at key support zones.
🎯 Direction: Long
🎯 Entry: 125.5 - 127.5
🛑 Stop Loss: 123.0 ( Rigid Stop Loss )
🚀 Target 1: 132.0
🚀 Target 2: 138.0
The price has undergone a healthy reset above the previous breakout structure. A decline in price with high open interest signals the market clearing weak hands. The key support zone (125-127) shows clear buy absorption, with no panic selling. Multiple long lower shadows on the LTF indicate exhausted bears. As long as the price stays above 123.0, the structure remains bullish. This pullback presents a high-probability long opportunity.
Trade here 👇 $SOL
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