Solana / USDTLong
SOL/USDT 1H: Bulls Targeting $267 After Key Accumulation
SOL/USDT 1H Chart Analysis (SMC Principles)
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Confidence Level: 8/10
Current Market Condition:
Key Levels:
Trade Setup:
Market Maker Analysis:
Recommendation:
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Confidence Level: 8/10
Current Market Condition:
- Price testing critical resistance near $237.
- Hidden Bullish Divergence: Lower lows in price with higher lows on RSI, signaling potential reversal.
- Accumulation Zone: Visible at $225-$230, with market makers positioning for upward movement.
Key Levels:
- Support: $225-$230 (strong accumulation zone).
- Resistance:
- T1: $245
- T2: $252
- T3: $267
Trade Setup:
- Entry Zone: $235-$237
- Targets:
- T1: $245
- T2: $252
- T3: $267
- Stop Loss: Below $230 (recent accumulation zone).
- Risk Score: 7/10 (moderate).
Market Maker Analysis:
- Clear accumulation phase suggests preparation for liquidity targeting above $245.
- Smart money activity supports bullish continuation.
Recommendation:
- Long position recommended in the $235-$237 range with tight stops.
- Monitor volume for confirmation as price approaches $245.
- Confidence Level: 8/10 for bullish expansion.
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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.