SOL 4H: Watching $118–$120 Resistance, With $106 Demand Below

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SOL 4H: Watching $118–$120 Resistance, With $106 Demand BelowSOLUSDT SPOTBYBIT:SOLUSDTDonatelioSOL has broken below recent local lows, and my near-term bias remains bearish. I’m watching for either a recovery into resistance or a deeper correction toward the marked demand zones. For now, I’m observing, with no limit orders placed. 📊 What I’m seeing The latest downward impulse left a marked imbalance around $118–$119. The visible volume profile also shows substantial previous trading activity around this area, making it an important zone to watch on a bounce. That volume concentration alone does not confirm sellers are in control. I still want to see how price reacts when it returns. Below price, my first buy zone of interest is around $106, followed by a deeper zone near $102. My scenarios A recovery toward $118–$120 could create a small short opportunity if the bounce stalls and sellers defend the area. For potential longs, $106 is the first area I’m watching. I would prefer to see a sweep of the previous swing low and a convincing buyer response before acting. With another test of demand approaching, I’m not assuming the first touch will hold. If the broader correction extends and the first zone fails to attract sustained buying, $102 becomes the next area of interest.