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$SOL Looking Strong Here : Shakeout Done And Pressure Building For A Bounce
I'm Seeing A Clean Move Up Followed By A Sharp Drop And Now Price Is Stabilizing Near Support. This Doesn’t Look Like Weakness, This Looks Like A Reset After Liquidity Grab.
Reason Behind This Setup :
Liquidity Above 83 Already Swept
Strong Dump Cleared Late Buyers
Price Holding Near 79 Support Zone
Small Candles Showing Seller Exhaustion
This Tells Me Selling Pressure Is Slowing Down.
How It's Possible :
That Big Red Candle Was A Classic Shakeout. Market Removed Weak Hands Fast. After That, Price Didn’t Continue Dumping, Instead It Started Moving Sideways.
This Type Of Behavior Shows Absorption. Buyers Slowly Stepping In While Sellers Lose Momentum.
Trade Setup I'm Watching :
Entry Point : 79.20 To 79.80
Target Point :
First Target 82.00
Second Target 83.20
If Momentum Builds, 85 Is Possible
Stop Loss : 78.20
What I'm Watching :
If Price Holds Above 79 And Starts Printing Strong Green Candles, Bounce Can Expand Fast
If Volume Returns Near 82 Zone, Breakout Gets Strong
I'm Watching This For A Relief Move Turning Into Continuation If Strength Builds
Let’s Go And Trade Now $SOL #GateSquareAprilPostingChallenge