SOLUSDT.P – Watch for Reversal from Key Demand Area (4H Outlook)

SOL on the 4-hour timeframe is forming a potentially bullish setup, but patience is key as price nears a critical reversal zone.

🧠 Market Context:
After a strong move up in late June, SOL faced heavy rejection near $155–$157, which aligns with both a supply zone and a long-term descending trendline (visible across higher timeframes).

Since then, we’re seeing a series of lower highs, signaling ongoing seller control in the short term.

🔄 Short-Term Price Action:
The recent candles form a rounded consolidation, with volatility compressing.

Price is expected to retest the $143–$144 area, highlighted as the "Reversal Area" on the chart.

This area previously acted as a pivot and may serve again as a demand zone.

🛠️ Trade Plan:
Wait for a reaction at $143–$144: either a bullish engulfing, hammer, or strong volume candle to confirm buyer presence.

If reversal occurs, potential move is toward $150–$152, where price meets the long-term descending trendline again.

This setup aligns with a classic "higher low" formation before continuation.

❌ Invalidation:
Clean break below $142 with strong volume would invalidate the short-term bullish thesis and may open up downside to $138.

✅ Summary:
Bias: Bullish on confirmation

Reversal Zone: $143–$144

Target: $150–$152

Invalidation: Below $142

This setup provides a low-risk, high-reward opportunity — but only with a confirmed reversal. Let the market show its hand.