Solana / USDTLong
SOL/USDT 1H: Accumulation Signals a Breakout to $270!?
SOL/USDT 1H Chart Analysis
Current Price: $239.33
Market Condition:
Key Levels:
Targets:
Technical Highlights:
Smart Money Analysis:
Recommendation:
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.
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.