SOL/USDT 1H: Bulls Building Momentum for a $244 Retest!!SOL/USD 1H Chart Analysis
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Current Price: $235
Market Structure:
Bearish momentum after breaking key support at $244.
Potential bottoming formation visible at current levels.
Smart Money Analysis:
Accumulation Zone: $220-$230 with heavy institutional volume.
RSI: Hidden bullish divergence forming (lower lows in price, higher lows in RSI).
Market makers appear to be accumulating for the next upward move.
Key Levels:
Resistance: $244, $252, $268.
Support: $220, $228.
Trade Setup (Confidence Level: 8/10):
Entry Zone: $232-$235.
Targets:
T1: $244
T2: $252
T3: $268
Stop Loss: Below $220 (accumulation zone).
Risk Score: 6/10 (moderate risk due to market volatility).
Recommendation:
Long position recommended with tight risk management.
Watch for confirmation above $238 to increase confidence in bullish continuation.
Volume and price action at $244 will be key to determining the strength of the breakout.
Confidence Level: 8/10 for bullish reversal potential.
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