$SOL LIQUIDITY SWEEP AT KEY SUPPORT โ STRUCTURAL BOUNCE FIRM ๐ฅ
Entry: 71.00 ๐ฅ
Target: 71.60 ๐
Stop Loss: 70.68 โ ๏ธ
Price tagged the 71.00 zone with a substantial wick, sweeping sell-side liquidity held below prior lows. The immediate rejection and absorption at this level indicate aggressive buying interest. Selling volume has visibly contracted on the lower timeframes, reducing probability of a breakdown.
This is a textbook support test with a 1:2.5 R:R to the first target. Structure suggests bears are exhausted. Are you buying the rejection or waiting for a second sweep?
Not financial advice. Always manage your risk.
#SOL #LongSetup #SupportTest #LiquiditySweep
๐ฅ
Entry: 71.00 ๐ฅ
Target: 71.60 ๐
Stop Loss: 70.68 โ ๏ธ
Price tagged the 71.00 zone with a substantial wick, sweeping sell-side liquidity held below prior lows. The immediate rejection and absorption at this level indicate aggressive buying interest. Selling volume has visibly contracted on the lower timeframes, reducing probability of a breakdown.
This is a textbook support test with a 1:2.5 R:R to the first target. Structure suggests bears are exhausted. Are you buying the rejection or waiting for a second sweep?
Not financial advice. Always manage your risk.
#SOL #LongSetup #SupportTest #LiquiditySweep
๐ฅ