$SOL Clearly bearish, but oversold with potential short-term rebound.
1.Volume: 24h volume ~30M USDT with -4.78% drop. Selling pressure strong but volume fading on declines → exhaustion signs.
2. Capital Flow:
- Spot: Heavy outflows (24h -22M, 7D -144M) → institutions distributing.
- Futures: Massive outflows (24h -168M, 7D -793M) → longs liquidated.
- Short-term (30m +9M) → some bottom-fishing.
#sol #SOLUSDT Cautious long (counter-trend bounce).
Entry:
- Main: 124.5-125.5 (support)
- Alt: Break above 128 with volume confirmation.
SL:*119 (below swing low).
TP:
- TP1: 132
- TP2: 135.5
- TP3: 138.5
* Rationale: Overall bearish but heavily oversold, flow divergences, and strong support zone point to likely bounce. Watch BTC closely as market sentiment is fragile.
{future}(SOLUSDT)
1.Volume: 24h volume ~30M USDT with -4.78% drop. Selling pressure strong but volume fading on declines → exhaustion signs.
2. Capital Flow:
- Spot: Heavy outflows (24h -22M, 7D -144M) → institutions distributing.
- Futures: Massive outflows (24h -168M, 7D -793M) → longs liquidated.
- Short-term (30m +9M) → some bottom-fishing.
#sol #SOLUSDT Cautious long (counter-trend bounce).
Entry:
- Main: 124.5-125.5 (support)
- Alt: Break above 128 with volume confirmation.
SL:*119 (below swing low).
TP:
- TP1: 132
- TP2: 135.5
- TP3: 138.5
* Rationale: Overall bearish but heavily oversold, flow divergences, and strong support zone point to likely bounce. Watch BTC closely as market sentiment is fragile.
{future}(SOLUSDT)
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SOL
124.22
-2.72%