Solana Fakeout: Bulls Caught, Bears in ControlMarket Context
In my previous publication about Solana, I clearly defined an Invalidation Level for the bearish setup. Price has now swept buy-side liquidity above that level, forming a false breakout with strong rejection.
This move appears to be a stop hunt, not genuine acceptance above resistance.
Structure & Intent
The long bullish candle above the invalidation level failed to hold, signaling lack of follow-through and confirming distribution at premium prices.
This behavior reinforces the expectation of further downside expansion.
Scenarios Recap
Previously, two downside scenarios were outlined:
• Scenario 1 : mitigation toward 116–118, followed by potential stabilization
• Scenario 2 : continuation toward 108 and below
The recent liquidity grab confirms Scenario 2 activation.
Execution Plan
📉 Bias: Bearish
🎯 Primary Target: 106
🧲 Intermediate liquidity: 116
❌ Invalidation : 129.4
Any acceptance or touch above this level invalidates the bearish thesis and opens the door for bullish continuation.
Conclusion
As long as price remains below the invalidation zone, Solana is expected to expand lower in search of sell-side liquidity.
