Solana / USDT
Long

SOL/USDT 1H: Bulls Targeting $267 After Key Accumulation

106
SOL/USDT 1H Chart Analysis (SMC Principles)
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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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