SOL/USDT 1H: Distribution Phase – Short Setup Below $150
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Current Market Conditions (Confidence Level: 8/10):
Price at $148.45, showing neutral-bearish structure after rejection at previous candle high (PCH).
Hidden bearish divergence visible on RSI, signaling potential downside continuation.
Market Makers actively distributing within premium zone ($152 – $154).
Trade Setup (Short Bias):
Entry: $148.40 – $148.60 range.
Targets:
T1: $146.20
T2: $144.80
Stop Loss: $150.20 (above PCH and resistance zone).
Risk Score:
7/10 – Strong rejection at $150.00 – $150.50 resistance supports setup, but minor bounce risk due to oversold RSI.
Key Observations:
Resistance cluster confirmed at $150.00 – $150.50.
Volume profile supports bearish continuation, with recent breakdowns in market structure.
Smart Money likely positioned short after multiple liquidity sweeps at highs.
Distribution signals align with hidden bearish divergence on RSI.
Recommendation:
Short positions favored within entry zone with stop above $150.20.
Consider scaling profits at $146.20 and $144.80 to maximize reward.
Monitor price action around $146.20 for potential absorption or stronger breakdown.
🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates!
🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates!
Current Market Conditions (Confidence Level: 8/10):
Price at $148.45, showing neutral-bearish structure after rejection at previous candle high (PCH).
Hidden bearish divergence visible on RSI, signaling potential downside continuation.
Market Makers actively distributing within premium zone ($152 – $154).
Trade Setup (Short Bias):
Entry: $148.40 – $148.60 range.
Targets:
T1: $146.20
T2: $144.80
Stop Loss: $150.20 (above PCH and resistance zone).
Risk Score:
7/10 – Strong rejection at $150.00 – $150.50 resistance supports setup, but minor bounce risk due to oversold RSI.
Key Observations:
Resistance cluster confirmed at $150.00 – $150.50.
Volume profile supports bearish continuation, with recent breakdowns in market structure.
Smart Money likely positioned short after multiple liquidity sweeps at highs.
Distribution signals align with hidden bearish divergence on RSI.
Recommendation:
Short positions favored within entry zone with stop above $150.20.
Consider scaling profits at $146.20 and $144.80 to maximize reward.
Monitor price action around $146.20 for potential absorption or stronger breakdown.
🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates!
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.
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.