SOL / TetherUSLong
SOL/USDT 1H: Bulls Preparing for a Push to $270
SOL/USDT 1H Chart Analysis (SMC Principles)
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Market Structure:
Key Observations:
Targets:
Market Maker (MM) Analysis:
Recommendation:
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Market Structure:
- Consolidation phase after rejection from $270 resistance.
- Signs of accumulation at $245-$250 zone.
Key Observations:
- RSI: Hidden bullish divergence forming, signaling potential upside.
- Volume Profile: Indicates institutional accumulation.
- FVG: Identified between $260-$265.
- Liquidity Pool: Strong support below $240.
- Trade Setup (Confidence Level: 7.5/10):
- Entry Zone: $248-$250
Targets:
- T1: $260 (FVG fill)
- T2: $270 (previous resistance)
- Stop Loss: Below $240 (structural support)
- Risk Score: 6/10 (moderate).
Market Maker (MM) Analysis:
- Smart money accumulating while retail sentiment remains cautious.
- Possible liquidity sweep below $245 before upward move.
- Break above $255 needed to confirm bullish continuation.
Recommendation:
- Enter long positions in the $248-$250 zone with tight risk management.
- Monitor volume and price action for confirmation of continuation above $255.
- Confidence Level: 7.5/10 for a cautious bullish setup.
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