SOL/USDT 1H: Bullish Structure Holding – $240 Next?!
2025-02-04
Category: None

SOL/USDT 1H Chart Analysis
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 Current Market Structure: 
• Price at $217.22, showing bullish momentum after breaking key resistance at $216.
• Hidden Bullish Divergence confirmed on RSI, signaling potential continuation.
• Volume increasing, indicating Smart Money accumulation.

 Smart Money Concepts: 
• Market Makers engineered a liquidity grab below $208, shaking out weak hands.
• Accumulation phase complete, transitioning into markup phase targeting premium zones.
• Premium zone resistance remains at $232-$240.

 Key Levels: 
 
 Entry Zone: $216-$218
 Targets:
 T1: $232 (previous supply zone)
 T2: $240 (psychological resistance)
 Stop Loss: Below $204 (recent swing low).
 
 Risk Score: 
 
 7/10 - Favorable risk-reward ratio with clear invalidation levels.
 

 Market Maker Intent: 
 
  Accumulation at discount zones appears complete. Expect price continuation toward $232-$240 liquidity pools. Watch for strong reactions at premium zones.
 

 Recommendation :
 
  Long positions favorable within the $216-$218 range. Monitor buy volume confirmation on breakout above $232. Keep tight stops to protect against unexpected volatility.
 
 
Confidence Level: 
 
 8/10 for bullish continuation toward premium zone.
 

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