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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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.