Technical analysis by MangoMan4 about Symbol SOL: Buy recommendation (7/6/2025)

The daily chart of SOLUSDT Perpetual Futures (MEXC) is currently showing signs of a potential reversal setup, but confirmation is key before taking a long position.🔍 Chart Overview:Price action is in a clear downtrend, with lower highs forming consistently, capped by a descending trendline.We’ve recently seen a pullback after a failed breakout near the $152–$154 region.📌 Key Zone to Watch:A demand zone around $137–$140 is marked, which previously acted as a springboard for bullish movement.There's a confluence of this demand zone with the wedge breakout retest area.📈 Trade Setup & Plan:The chart notes: "Need Bullish Engulfing here to go long".This implies a waiting strategy: look for a strong bullish engulfing candle at the $137–$140 zone before entering a long position.If confirmed, price could rally back toward the descending trendline near $150–$154, which aligns with the prior resistance level.⚠️ Invalidation:A daily close below $135 would invalidate the bullish setup and likely trigger continuation toward $128–$130 support area.📊 Summary:Bias: Cautiously Bullish (Waiting for confirmation)Entry Trigger: Bullish engulfing candle at $137–$140Target: $152–$154Invalidation Level: Below $135Patience is key here. Let the price come to you and confirm intent before jumping in.