Introduction:
SOL is trading near $106.94 after a liquidity sweep of $101.56, and the bounce is still a bounce, not a reversal. The 4H structure is a clean sequence of lower highs: $124.99, then roughly $123, then a rejection near $113.
Sellers control the trend. Buyers only showed up at the extreme.
Chart Snapshot (Binance SOL/USDT Perp, 4H)
- Price: $106.94 (4H candle -1.46%, range $105.58–$108.84)
- Swing high / recent low: $124.99 / $101.56
- Net Longs (CoinGlass): -4.41M, delta -103.01K
- Large Trades readout: 1.17M max order, 4.02M total volume, 6 orders
What Happened
The $117.20 band was the breakdown trigger. Price lost it around 10-07, sliced through $114, and accelerated into the low $106s by 10-08. That’s textbook liquidity-driven selling: stops under the range, then forced liquidations feeding the move.
The relief bounce topped near $113.30 and failed. Price then rolled over into $101.56, where a large green bubble printed. That’s heavy buy-side absorption at the lows. It’s a reaction, not confirmation.
Key Levels
Resistance (CoinGlass Liquidation Heatmap):
- $108.80: current 4H high, first reclaim test
- $110.50-$112.20: legacy liquidity bands, first real supply
- $113.30: last lower high, the level that flips the structure
- $117.20: bright band and breakdown origin, likely order block
- $123.00-$124.50: densest cluster on the map, where the heavy short liquidations sit
Support:
- $105.50: bottom of the current candle
- $103.00-$101.50: sweep zone with the large green absorption bubble
- $100.00: psychological level, with no dense bands visible beneath $101.56 on this heatmap range
Positioning Read
Net Longs sits at -4.41M. It slid from about -2.5M on 10-04 and has been flat near the lows since 10-10. Longs have been net closed through the whole drop, and the line is not yet turning up.
Selling pressure is slowing, but nothing has flipped. A positive delta would be the first real signal. Until then, treat rallies as suspect.
Check funding rates and open interest before pressing any trade. Cooling OI with neutral-to-negative funding supports a squeeze. Rising OI into resistance means you’re probably watching a bull trap.
Bullish Case
SOL holds above $101.50 and reclaims $108.80 on a 4H close, with Net Longs delta turning positive. That opens $110.50-$112.20, then the $113.30 lower high. A 4H close above $113.30 breaks the sequence and puts $117.20 in play.
- Setup: long on a retest of $102.50-$103.00 or a 4H acceptance above $108.80
- Stop: below $100.90
- Targets: $108.80, $112.00, then $117.20
- Risk-reward: roughly 3R to $108.80 and 4.5R to $112.00 from a $102.80 entry
- Invalidation: 4H close below $101.50
Bearish Case
SOL fails at $110.50-$112.20 and loses $105.50 on a 4H close. That sends it back to retest $101.50, and a clean break there sends it toward $100. The heatmap shows little visible liquidity below $101.56 to slow a flush.
- Setup: short on a rejection at $111.00–$112.00
- Stop: above $113.50
- Targets: $105.50, then $101.50
- Risk-reward: roughly 3R to $105.50 and 5R to $101.50 from $111.50
- Invalidation: 4H close above $113.30
Trading Bias
Bearish below $113.30, with $101.50 as the line that decides everything. Longs only make sense on a retest of $102-$103 or a confirmed 4H reclaim of $108.80. Otherwise, sell the $110.50-$112.20 rejection.
Disclaimer: This post is for educational and research purposes only and does not constitute financial advice. Always do your own research (DYOR).
⚡ Never miss an urgent market shift: I post daily real-time crypto setups, micro-analyses, and exclusive charts. Follow My Daily Updates Here
🚀 Duplicate CryptoVault Now: Grab your automated Notion Trading Journal here for 50% OFF with code LAUNCH26
👉 Stop trading blindly: Secure your CryptoVault on Gumroad now to master your risk analytics and protect your capital.
🎥 Bonus Creator Tools: Free Crypto Editing Assets
If you create crypto updates, TikTok reels, or YouTube Shorts based on today’s market analysis, use these editing templates:
Free CapCut Crypto Presets (Notion Library) – Download customized editing presets on Notion to style your charts & market reels.
 Price Analysis: $101 Support Is Make-or-Break){kind=link}