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$SOL is sitting at an important short-term decision zone, and I’m paying more attention to how price reacts around $120.56 than to the recent bearish move.
SOL is currently trading around $120.89, with the 24H range sitting near $118.97–$122.21. Price has recovered back above $120.56, which changes the setup from the earlier bearish structure. As long as SOL can hold above this level, I wouldn’t be comfortable chasing shorts simply because the market looked weak earlier.
The first level I’m watching is $120.56. If SOL continues holding above it and buyers manage to push through the $121.94–$122.21 resistance area, that would give the bulls a stronger confirmation that momentum is shifting back upward. A clean breakout followed by a successful retest would make the upside structure much more convincing.
But if SOL loses $120.56 again, the picture changes quickly. Sellers could then bring price back toward the $119.00–$118.97 support zone. That area is important because another decisive breakdown could expose $118.50 and potentially $118.00 next.
So for me, this is not a place to blindly predict the next candle. I’m watching the reaction at these levels. Holding $120.56 and breaking $121.94–$122.21 would strengthen the bullish case, while losing $120.56 and then breaking $118.97 would bring the bearish scenario back into focus.
My current view is neutral-to-bearish while SOL remains below the key resistance zone, but I would become more constructive if price establishes itself above $121.94–$122.21. Until then, patience matters more than forcing a trade.
Do your own research and manage your risk carefully. This is market analysis, not financial advice or a solicitation.
#每周来晒
#布局本周交易
#市场回调如何布局
$SOL