SOL: retail traders were trapped! Looking for the entry point!Solana(SOL). 2 weeks the price of cryptocurrencies is falling, Solana was no exception. But after the downtrend, the price is in local accumulation zone of $100-106. It means the change of trend from downward to consolidation and appearance of a buyer, even if local.
Who became the fuel for the next PUMP?
After being in the range, the price broke it down and the big player was able to collect all the retails stop-losses (liquidity to buy). You can see it using the volumes - they grew up to the level of previous liquidations, which means that someone bought/sold a lot of SOLs. Retail traders became a FUEL and with the high possibility Solana can start the PUMP in a few days.
An additional support is the trend line, from which the price bounced.
Local targets:
1. 107-110 $
2. $118-120$
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
