SOL – Sweep & Spring Play at Local Demand

130
We’ve got a clean rounded top → breakdown → demand sweep setup.
Current price action suggests a potential reversal is brewing.

🔍 What’s happening on this chart?
Rounded top marks a local distribution — aggressive short entries

Price broke lower, swept the demand zone (gray box), and now shows rejection wick + bullish reaction

Fibonacci levels mapped out the structure

0.5 = 154.51

0.618 = 157.76 = key resistance liquidity zone

🎯 Trade idea:
Entry: inside demand zone (OB marked on chart)

Target 1: 151.25

Target 2: 157.76 (0.618)

Full fill: 162.40 – 168.30 (complete inefficiency sweep)

🧠 Mindset:
This setup is classic spring + reclaim. If price consolidates and flips 147.2, upside becomes favorable.

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Penafian

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