Looking at the current structure, a pullback toward the $120 level would present an attractive entry opportunity for counter-trend positions. The idea here is to accumulate on weakness and ride the bounce from that support zone. This kind of tactical setup rewards patience—waiting for the market to hand you a better risk-reward ratio rather than chasing price action at elevated levels.
The key is timing: if SOL holds around $120, buyers could find this a compelling spot to scale in. Worth monitoring closely as the level approaches.
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DeepRabbitHole
· 11h ago
120 is really the point. I'm waiting there. We'll see if I can catch the bottom then.
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BTCWaveRider
· 11h ago
The 120 position is indeed tough; it all depends on whether SOL is willing to give this opportunity.
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OnChainSleuth
· 11h ago
The 120 level definitely needs to be watched closely, but there are still quite a few people chasing higher now. It's safer to wait for a pullback before jumping in.
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Layer2Arbitrageur
· 11h ago
nah the 120 support is obvious at this point... literally everyone's watching it. the real alpha is front-running the liquidity cascade when it breaks, not waiting around like retail
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BoredApeResistance
· 11h ago
Can this level at 120 really be the bottom? It feels like there will be repeated shakeouts...
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GasFeeTears
· 11h ago
This level at 120 is really holding strong. Can't wait any longer, might as well go all in directly.
Solana (SOL/USD) Price Action Setup
Looking at the current structure, a pullback toward the $120 level would present an attractive entry opportunity for counter-trend positions. The idea here is to accumulate on weakness and ride the bounce from that support zone. This kind of tactical setup rewards patience—waiting for the market to hand you a better risk-reward ratio rather than chasing price action at elevated levels.
The key is timing: if SOL holds around $120, buyers could find this a compelling spot to scale in. Worth monitoring closely as the level approaches.