SOLUSDT October 08 2024
2024-10-08

Morning All. 
Please note the content here is generated by AI because I have a lot of work to get to. 

Bullish Scenario:
Current Resistance Levels / Retest Targets:

144.54: A retest of this level could confirm bullish strength and a continuation higher.
Supply Zones:
145.22
146.07
146.79 These supply zones may act as significant resistance points where sellers could step in.
Lower Timeframe Trend:

On the 15-minute and 30-minute charts, you're seeing a short-term uptrend, which could be a temporary rally towards the retest level at 144.54. If this rally gains momentum, it might push into the supply zones mentioned above.
Bearish Scenario:
Demand Zones:

143.00: A key level to watch. If this demand zone is broken, it could signal a shift in momentum towards the downside.
Next Targets:
141.74
140.98 These lower demand zones will become crucial levels of support if the bearish pressure increases.
4H Downwards Momentum:

The 4-hour chart is showing a potential downtrend, suggesting that the overall market sentiment could still lean bearish despite the short-term uptrend you're seeing in lower timeframes.
Strategy:
If you're bullish, wait for a break above 144.54 and look for signs of strength in the supply zones.
If you're bearish, watch the 143.00 demand zone closely. A breakdown below that could lead to lower levels around 141.74 and possibly 140.98.
It might be useful to watch for volume confirmation at these key levels to validate the potential breakouts or breakdowns. Let me know if you need more detailed chart insights!

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