🚨 The sellers are trying with all their might.. but the red candle refuses to drop! Are you getting ready for Solana (
$SOL ) to make a sudden explosive move? 🚀
If you think selling pressure will break the support, reconsider the movement of the last candle for pair
$SOL !
Despite the intense selling attempts and red candles, the marked circle clearly shows how the red candle refuses to break downwards, leaving long lower wicks that reflect a strong and rapid absorption of liquidity by buyers! This consolidation at support zones is a classic sign that a new upward wave is coming in strong.
📊 Quick technical map reading:
* Rejection: The red candle inside the circle showed that sellers were unable to push the price down, immediately turning into stabilization and readiness to move.
* Current price levels: The price is currently trading at 117.24$, achieving a daily rise of +2.58%.
* Expected path (green arrow): Price holding above the minimum boundary to test the midline (MB: 117.31$), setting up a breakout of 117.52$ and reaching the nearby peak at 117.59$ and above.
💡 Trader tactic:
When candles refuse to fall at support zones, this is often the first spark for an upward reversal. Watch the price closely and increase your risk management caution by setting a stop-loss order.
💬 Share your thoughts: Do you see this consolidation as the starting point for a new bullish explosion in SOL?
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