SOL/USDT 1H:Analysis
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Current Market Analysis:
Trade Setup:
Risk Score:
Smart Money Analysis:
Recommendation:
Confidence Level:
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Current Market Analysis:
- Price at $197.49, rejecting at the $204 FVG (Fair Value Gap).
- RSI indicating potential hidden bullish divergence, suggesting underlying strength.
- Market structure forming lower highs, with key resistance at the $204-$208 zone.
Trade Setup:
- Confidence Level: 7/10 – Favorable setup but requires confirmation.
- Entry: Wait for a retest of $196 support before entering.
- Targets:
- T1: $204 (FVG fill).
- T2: $208 (Premium zone).
- Stop Loss: Below $192 (recent swing low).
Risk Score:
- 7/10 – Decent R:R setup, but potential liquidity grabs below $192 pose risk.
Smart Money Analysis:
- Accumulation likely occurring within the $192-$196 range.
- Market Makers building liquidity below $192, possibly targeting a stop hunt before reversal.
Recommendation:
- Wait for confirmation of support at $196 before entering long positions.
- Increased volume is necessary to confirm a bullish move.
- Be patient and watch for a liquidity sweep below $192 for a potential reversal entry.
Confidence Level:
- 7/10 – Bullish bias in play, but confirmation needed for execution.
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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.