SOL/USDT 1H: Bullish Breakout Holding – $210 in Sight?!
2025-02-15
Category: None

SOL/USDT 1H: Bullish Breakout Holding – $210 in Sight?
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 Market Structure & Momentum: 
 
 Bullish momentum intact with a clear pattern of higher lows and higher highs.
 Current Price: $203.28, confirming a strong breakout above $202 resistance.
 RSI at 69.43, nearing overbought territory but still showing strength.
 Pattern: Inverse Head & Shoulders completed, with neckline at $198 confirming breakout.
 


 Trade Setup (Confidence 8/10): 
 
 Entry Zone: $201 - $202 (on slight pullback).
 Targets:
 T1: $206 (short-term resistance).
 T2: $210 (key level from previous structure).
 Stop Loss: Below $198 (recent support level).
 
 Risk Score: 
 
 7/10 – Strong bullish setup, but overbought RSI warrants caution on aggressive entries.
 
 Smart Money Analysis: 
 
 Institutional accumulation evident around $196-$198, indicating strong buying interest.
 Volume profile confirms heavy Smart Money involvement, supporting continuation.
 No significant bearish divergences visible, keeping the uptrend intact.
 A minor pullback could offer a better long entry before continuation.
 
 Recommendation: 
 
 Long positions favorable on pullback to $201-$202 for better risk-reward.
 Avoid chasing entries at current levels—wait for slight retracement.
 Monitor price action near $206—strong breakout there confirms a push toward $210.
 
 Confidence Level: 
 
 8/10 – Trend is bullish, but RSI suggests waiting for optimal entry.
 
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