SOL — Deep Pullback Into Major SupportSOL has been in a steady freefall over the past weeks. On the higher timeframes the key support and resistance zones are very clearly defined. The $250 level acted as a big resistance area, with multiple rejections showing sellers were firmly in control up there.
On the downside, the $125 support zone has shown clear strength, with bulls defending this area and producing strong bounces each time price revisited it.
The swing low at $126 presents an attractive long opportunity, especially with the sell-side liquidity and the quarterly level at $124.54 sitting just below, adding further confluence. Additionally, the anchored VWAP from the $8 low lies around $114, aligning almost perfectly with the 0.886 Fibonacci retracement at $113.3, providing deeper support should price extend lower.
Long Entry Zones:
0.786 Fib: $129.13
0.886 Fib: $113.3
Why the 0.786–0.886 Zone Is a Major Reversal Area
The 0.786–0.886 Fib zone is one of the best spots to look for a reversal after a deep pullback. It’s where strong trends often take their final dip before bouncing.
Here’s why it works so well:
It’s the typical “deep correction” zone in strong trends.
Price usually sweeps sell-side liquidity here before reversing.
Many harmonic patterns use this exact area as their turning point.
It often lines up with anchored VWAPs or volume nodes, adding extra support.
It’s basically the capitulation zone where weak hands exit right before a bounce.
Overall, it’s a clean area with clear invalidation and great R:R → perfect for spotting high-probability reversal setups.
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Long
