SOL/USDT 1H: Analysis
Current Market Structure:
Trade Setup:
Risk Score: 7/10
Smart Money Analysis:
Market Maker Behavior:
Key Recommendation:
Current Market Structure:
- Price: $200.30, currently in the equilibrium zone.
- RSI: 50.70 (neutral), but note the hidden bullish divergence when compared to price action.
- Structure: Bullish bias with higher lows forming, supporting an upward trajectory.
Trade Setup:
- Position: Long
- Entry Zone: $198 - $200 (after a retest of the current equilibrium zone with a bullish order block formation).
- Targets:
- T1: $207.50
- T2: $215
- Stop Loss: $195 (placed below the recent swing low).
Risk Score: 7/10
- Rationale: Favorable risk-to-reward ratio, but precision on the retest is key.
Smart Money Analysis:
- Accumulation: Visible in the $190 - 195 zone.
- Premium Zone: Established at $220, suggesting a target for market makers.
Market Maker Behavior:
- Likely to trigger stops below $195 before propelling the price upward.
- Volume Profile: Supports the continuation of bullish momentum.
Key Recommendation:
- Action: Wait for a retest of the $198 - $200 zone accompanied by a bullish order block formation before entering a long position.
- Caution: Avoid shorts given the overall bullish market structure.
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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.
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.