SOL/USDT 1H: Bulls vs Bears - Waiting for the Breakout Battle!
SOL/USDT 1H Chart Analysis
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Current Market Structure:
Smart Money Activity:
Risk Assessment:
Concerns:
Key Levels:
Recommendation:
Market Maker Intent:
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Current Market Structure:
- Price: $239.99, showing rejection at premium zone ($245).
- Trend: Bearish after breaking previous swing low.
- RSI: Hidden Bearish Divergence forming between price highs and RSI.
Smart Money Activity:
- Accumulation: Likely happening at discount zone ($222-225).
- Market Makers Intent: Distribution visible, suggesting potential downside to retest support.
Risk Assessment:
- 6/10: Mixed signals from current range.
Concerns:
- RSI leaning bearish.
- Price trapped between Fair Value Gap (FVG) zones.
Key Levels:
- Resistance: $245 (premium zone).
- Support: $222-225 (discount zone), critical level at $232.
Recommendation:
- Wait for confirmation:
- Break above $245 for long entries.
- Break below $232 for short setups.
- Avoid entering while price remains range-bound.
Market Maker Intent:
- Distribution: Ongoing at current levels.
- A move down to retest support is likely unless the range is decisively broken.
- Patience is key here Wait for a clear breakout or breakdown to confirm the next move. 🚨
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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.