$SOL is on my radar because the selloff already reached a major psychological demand zone and price reacted instantly from the lows. I’m seeing sellers lose momentum right where buyers usually step in.

Market read
Price dropped in a clean bearish move, swept the lower range around the 90 level, and printed a clear reaction. I’m seeing long lower wicks and slower follow-through, which tells me selling pressure is getting absorbed. Structure is still weak, but price is stabilizing at demand. This looks like exhaustion, not fresh breakdown.
Entry point
89.8 – 91.2
I’m interested in this zone because it sits directly above demand where price already defended.
Target point
TP1: 94.0
TP2: 97.5
TP3: 102.0
TP1 is the first relief bounce area.
TP2 is the prior breakdown zone.
TP3 is the higher liquidity area if recovery gains strength.
Stop loss
88.4
If price breaks and holds below this level, the demand idea fails and I’m out.
How it’s possible
This works if demand continues to hold and sellers fail to push price below the recent low. The sharp selloff already cleared liquidity, and the current reaction suggests absorption and a controlled recovery rather than another leg down.
I’m trading structure and reaction, not guessing.$SOL