SOL / TetherUSLong
SOL/USDT 1H: Bulls Charging Toward $280!!
SOL/USDT 1H Chart Analysis (SMC Principles)
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Current Price: $267.96
Market Structure:
Key Levels:
Smart Money Analysis:
Accumulation visible at $248-$252 (equilibrium zone).
Breakout suggests institutional buying activity.
No significant divergences present, reinforcing the bullish bias.
Trade Recommendation:
Notes:
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Current Price: $267.96
Market Structure:
- Bullish after breaking previous high at $264.
- RSI: 60.52, indicating healthy upward momentum without being overbought.
Key Levels:
- Support: $264 (flipped from resistance).
- Resistance: $273-$275 (premium zone).
- Stop Loss: Below $262 (recent consolidation).
- Setup Score: 8/10
- Strong breakout above premium zone confirms bullish structure.
- Volume supports continuation of momentum.
Smart Money Analysis:
Accumulation visible at $248-$252 (equilibrium zone).
Breakout suggests institutional buying activity.
No significant divergences present, reinforcing the bullish bias.
Trade Recommendation:
- Long Entry: At current price ($267.96).
- Targets:
- T1: $273 (premium zone retest).
- T2: $280 (psychological level).
- Stop Loss: Below $262.
Notes:
- Consider a pullback to $264 for a better risk/reward entry.
- Watch volume closely to confirm continuation toward targets.
- Confidence Level: 8/10 for bullish continuation.
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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.