SOL/USDT 1H: Bulls Building Momentum for a $244 Retest!!
2025-01-27
Category: None

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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