SOL/USDT Perpetual (30-Min Chart) – OKX Analysis
2025-02-17
Category: None

SOL/USDT Perpetual (30-Min Chart) – OKX Analysis
Market Overview
SOL/USDT is currently trading at $187.19, showing a bearish bias (70%), indicating a potential continuation downward.

Price is consistently making lower highs and lower lows, confirming a strong downtrend.
A key supply zone is at ~$195.67, acting as strong resistance.
The market is oversold (OS indicator triggered), suggesting a potential short-term bounce.

Key Technical Levels
Supply Zone (Resistance): $195.67 - $205.38
Immediate Support: $186.06 (Entry Level)
Major Demand Zones (Support Levels):
$186.06 (Potential Buy Zone, TP1 Level)
$181.50 (Stop-Loss Area, Break of Structure Invalidates Reversal)

Trade Setup & Strategy
📌 Bearish Continuation Setup (Trend Following)

Entry: Below $188.80 (Break of minor support, confirmation of downtrend)
Targets (TPs):
$186.06 (TP1 - First Target, Fib 0.382 Retracement)
$181.50 (TP2 - Stronger Support Zone, Break Below Confirms Sell-off)
$179.70 (Full Bearish Move, TP3 - Next Demand Zone)
Stop-Loss: Above $195.67 (Break of supply zone invalidates bearish setup)

📌 Bullish Reversal Setup (Counter-Trend Play, High-Risk)

Entry: $186.06 (Demand Zone Buy Entry, OS Signal Confirmation)
Targets (TPs):
$188.80 (First Target, TP1 - Minor Bounce)
$193.94 (Second Target, TP2 - Fib 0.382 Retracement)
$195.67 (Major Resistance, TP3 - Break Above Confirms Reversal)
$198.00+ (Full Recovery, TP4 - Fib 0.618 Retracement)
Stop-Loss: Below $181.50 (Break of demand zone invalidates bullish setup)

Conclusion
Market remains bearish, targeting lower support zones around $186 - $181.50.
If price holds $186.06 demand zone, a reversal could push towards $195+.
A breakout above $195.67 would shift bias to bullish.

Would you like lower timeframe confirmation (5m or 15m) for refined entry points? 🚀