Solana / USDTLong
SOL/USDT 1H: Bears Pushing Lower – Can $200 Hold ?
SOL/USDT 1H Chart Analysis
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Market Condition:
Key Levels:
Smart Money Analysis:
Recommendation:
Potential Long Setup If Reversal Happens:
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Market Condition:
- Price: $201.93, showing strong bearish momentum.
- Market Structure: Lower highs & lower lows confirm bearish trend.
- RSI: 35.89, oversold but not extreme yet.
Key Levels:
- Major Resistance: $216 (Previous support turned resistance).
- Current Support: $200 (Psychological level).
- Next Major Support: $196 (Discount Zone).
Smart Money Analysis:
- Market Makers likely engineering liquidity below $200.
- Hidden Bearish Divergence on RSI, signaling continuation of downtrend.
- Risk Score: 8/10 (High-risk environment).
Recommendation:
- 📌 Wait for confirmation before entering longs. Look for:
- Price reclaiming $208.
- Bullish RSI divergence forming.
- Volume spike confirming reversal.
Potential Long Setup If Reversal Happens:
- Entry: Above $208 (only if confirmation is present).
- Targets:
- T1: $216.
- T2: $224.
- T3: $232.
- Stop Loss: Below $196.
- Confidence Level: 6/10 (Not high enough for full position recommendation in current conditions).
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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.