This 1H chart of SOLUSDT on Bybit showcases a clean bullish continuation setup after a strong impulsive move upward. The current price action suggests a strategic retracement into a high-probability zone of interest before a potential continuation toward buy-side liquidity.
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1. Market Structure & Context:
- SOL has shifted market structure to the upside following a strong impulse that broke previous lower highs.
- The current pullback resembles a classic bullish retracement, aligning with smart money concepts where price revisits inefficiencies and discount zones before continuation.
- The low on the retracement appears to be forming a higher low relative to the previous structure.
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2. Fair Value Gap (FVG) + Golden Pocket Zone:
- The blue box represents a clear Fair Value Gap created during the recent rally — a price imbalance often targeted for entries by institutions.
- Overlaying that zone is the Fibonacci golden pocket (0.618–0.65), a highly reactive retracement area in bullish moves.
- The confluence of FVG and the golden pocket makes this a powerful demand zone, supported by historical order flow behavior.
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3. Fibonacci Levels & Price Action:
- 0.618–0.65 zone: Ideal entry region during bullish retracements. Price is currently reacting within this band.
- 0.786 level: A deeper retracement level that still supports bullish continuation if respected — though it marks the edge of the current FVG.
- The equilibrium between these levels represents a discount area for accumulation.
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4. Liquidity Outlook – Buy-Side Liquidity (BSL):
- A clear BSL (Buy-Side Liquidity) sits above the previous local high.
- Price is likely to target this level as the next point of liquidity collection once the retracement completes.
- The green arrowed path shows the anticipated flow: a short-term dip into the FVG before a bullish move to sweep the BSL.
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5. Trade Narrative:
- This setup reflects an entry based on optimal trade theory — retracement into a zone of inefficiency and discount (FVG + golden pocket).
- Bullish continuation is expected if this zone holds, especially with confluence from market structure and resting liquidity overhead.
- Ideal confirmation may involve lower timeframe bullish breaks of structure inside the FVG.
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Summary:
SOL is offering a textbook retracement setup on the 1H, with price pulling back into a confluence of a Fair Value Gap and golden pocket (0.618–0.65). If the zone is respected, the next likely destination is the buy-side liquidity resting above previous highs. The reaction within this area will be key to validating the bullish scenario.
---
1. Market Structure & Context:
- SOL has shifted market structure to the upside following a strong impulse that broke previous lower highs.
- The current pullback resembles a classic bullish retracement, aligning with smart money concepts where price revisits inefficiencies and discount zones before continuation.
- The low on the retracement appears to be forming a higher low relative to the previous structure.
---
2. Fair Value Gap (FVG) + Golden Pocket Zone:
- The blue box represents a clear Fair Value Gap created during the recent rally — a price imbalance often targeted for entries by institutions.
- Overlaying that zone is the Fibonacci golden pocket (0.618–0.65), a highly reactive retracement area in bullish moves.
- The confluence of FVG and the golden pocket makes this a powerful demand zone, supported by historical order flow behavior.
---
3. Fibonacci Levels & Price Action:
- 0.618–0.65 zone: Ideal entry region during bullish retracements. Price is currently reacting within this band.
- 0.786 level: A deeper retracement level that still supports bullish continuation if respected — though it marks the edge of the current FVG.
- The equilibrium between these levels represents a discount area for accumulation.
---
4. Liquidity Outlook – Buy-Side Liquidity (BSL):
- A clear BSL (Buy-Side Liquidity) sits above the previous local high.
- Price is likely to target this level as the next point of liquidity collection once the retracement completes.
- The green arrowed path shows the anticipated flow: a short-term dip into the FVG before a bullish move to sweep the BSL.
---
5. Trade Narrative:
- This setup reflects an entry based on optimal trade theory — retracement into a zone of inefficiency and discount (FVG + golden pocket).
- Bullish continuation is expected if this zone holds, especially with confluence from market structure and resting liquidity overhead.
- Ideal confirmation may involve lower timeframe bullish breaks of structure inside the FVG.
---
Summary:
SOL is offering a textbook retracement setup on the 1H, with price pulling back into a confluence of a Fair Value Gap and golden pocket (0.618–0.65). If the zone is respected, the next likely destination is the buy-side liquidity resting above previous highs. The reaction within this area will be key to validating the bullish scenario.
Trade closed: stop reached
big big candle invalidated the setup! on to the next one :)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
MY LINKS
📈 Free Signals
bit.ly/3YxiRXr
💬 Discord Community
bit.ly/4jHHA3O
💵 Favorite Exchange
bit.ly/4lBeTXt
📈 Free Signals
bit.ly/3YxiRXr
💬 Discord Community
bit.ly/4jHHA3O
💵 Favorite Exchange
bit.ly/4lBeTXt
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.