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Solana / USDT
Long

SOL/USDT 1H: Accumulation Signals a Breakout to $270!?

179
SOL/USDT 1H Chart Analysis

Current Price: $239.33

Market Condition:

  • Consolidation phase with signs of accumulation.

Key Levels:
  • Entry Zone: $238-$240

Targets:
  • T1: $250 (key resistance)
  • T2: $260
  • T3: $270
  • Stop Loss: Below $232 (recent support).

Technical Highlights:
  • Hidden bullish divergence on RSI.
  • Volume profile indicates strong support at $235-$238.
  • Previous resistance at $250 now acting as a magnet for price.


Smart Money Analysis:
  • Accumulation evident at support.
  • Market makers likely positioning for the next leg up.


Recommendation:
  • Long position favorable with a confidence level of 7.5/10.
  • Maintain tight risk management and watch for breakout confirmation above $240.
  • Score: 7.5/10 - Clear risk/reward with strong technical and volume support for upside potential.
Cryptokijker
Chart PatternsTechnical IndicatorssolanaanalysisSOLUSDsolusdtTrend Analysis

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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.
Chart PatternsTechnical IndicatorssolanaanalysisSOLUSDsolusdtTrend Analysis
Cryptokijker

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.