Solana (15 Minute)

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Solana (15 Minute)SOL / TetherUSBINANCE:SOLUSDTewhite41The first thing that stands out is the violent downside displacement that swept liquidity and immediately found buyers. After the flush, Solana stopped making lower lows and began compressing. That's usually the first clue that sellers are losing control. The area I've marked near 76.80 to 76.90 is the obvious magnet because it represents the breakdown origin. Current structure: Immediate support: 75.80 to 75.90 Resistance: 76.80 to 76.90 As long as Solana remains above the morning low, the recovery scenario remains intact. Loss of the recent low invalidates the setup. Most traders see the breakdown and assume continuation lower. What interests me is that the breakdown failed to attract aggressive follow through selling. Instead, buyers immediately stepped in. Failed breakdowns often become fuel for moves back into the originating liquidity zone.