SOL/USDT 1H: Bulls Charging Toward $280!!

SOL/USDT 1H Chart Analysis (SMC Principles)
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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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