SOL / TetherUSLong
SOLANA H4 OUTLOOK
This chart depicts the analysis of SOL/USDT price action on the 4-hour timeframe on Binance. Key points from the analysis are as follows:
1. Downtrend Channel:
• The price is within a descending channel (orange dashed lines), indicating a bearish trend with dominant selling pressure.
2. Golden Cross:
• A “golden cross” is observed (a bullish crossover of short-term and long-term moving averages), suggesting a potential upward reversal.
3. Liquidity Zones:
• Buy Side Liquidity (BSL): Highlighted by horizontal blue lines at higher price levels (e.g., $211.86 and $234.12). These zones are potential targets where buyers might drive prices up.
• Sell Side Liquidity (SSL): Highlighted by horizontal red lines at lower price levels (e.g., $183.83 and $176.60). These zones are targets for selling pressure.
4. Stop Hunt (SH):
• The “SH” labels mark possible areas where price could grab liquidity before reversing (e.g., upward for lower SH or downward for upper SH).
5. Entry Points:
• Entry 1: $197 (solid orange line): A potential buy entry point if the price breaks below the SSL zone and signals a reversal.
• Entry 2: $187: A lower-level buy entry if the price touches additional SSL.
6. Price Projection:
• The zig-zagging blue line indicates a potential price movement toward BSL (bullish). liquidity grabs around SH zones before heading upward.
1. Downtrend Channel:
• The price is within a descending channel (orange dashed lines), indicating a bearish trend with dominant selling pressure.
2. Golden Cross:
• A “golden cross” is observed (a bullish crossover of short-term and long-term moving averages), suggesting a potential upward reversal.
3. Liquidity Zones:
• Buy Side Liquidity (BSL): Highlighted by horizontal blue lines at higher price levels (e.g., $211.86 and $234.12). These zones are potential targets where buyers might drive prices up.
• Sell Side Liquidity (SSL): Highlighted by horizontal red lines at lower price levels (e.g., $183.83 and $176.60). These zones are targets for selling pressure.
4. Stop Hunt (SH):
• The “SH” labels mark possible areas where price could grab liquidity before reversing (e.g., upward for lower SH or downward for upper SH).
5. Entry Points:
• Entry 1: $197 (solid orange line): A potential buy entry point if the price breaks below the SSL zone and signals a reversal.
• Entry 2: $187: A lower-level buy entry if the price touches additional SSL.
6. Price Projection:
• The zig-zagging blue line indicates a potential price movement toward BSL (bullish). liquidity grabs around SH zones before heading upward.
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.