SOL/USDT 1H: Accumulation in Progress – Rebound to $208 Possible
2025-02-06
Category: None

SOL/USDT 1H:Analysis
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 Current Market Structure: 
 
 Price trading at $199.14 with a bearish structure, forming clear lower highs and lower lows.
 Current consolidation within the $196-$204 range suggests potential accumulation.
 
 Smart Money Concepts: 
 
 Institutional buying is evident within the accumulation zone ($196-$204).
 Hidden bullish divergence on RSI (39.38) indicates a potential reversal setup as Smart Money positions for a move higher.
 

 Key Levels: 
 
 Entry Zone: $199-$200
 Targets:
 T1: $204 (key resistance).
 T2: $208 (next resistance level).
 T3: $216 (extended target).
 
 
 Stop Loss: Below $196 (recent support).
 
 Risk Score: 
 
 7/10 – Moderate risk, with clear invalidation below $196 and potential upside supported by divergence and volume.
 
 Market Maker Intent: 
 
 Smart Money appears to be accumulating within the $196-$204 range.
 Volume profile supports a thesis of reversal, with potential for a breakout above $204.
 
 Recommendation: 
 
 Long entry favorable within the $199-$200 range.
 Monitor for a break above $204 to confirm bullish momentum.
 Maintain tight stops below $196 to mitigate risk.
 
 Confidence Level: 
 
 7.5/10 – Bullish setup supported by divergence and accumulation signals.
 
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