SOL/USDT 1H: Bulls Charging Toward $280!!
2025-01-24
Category: None

SOL/USDT 1H Chart Analysis (SMC Principles)
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Current Price: $267.96

 Market Structure: 

 
 Bullish after breaking previous high at $264.
 RSI: 60.52, indicating healthy upward momentum without being overbought.
 

 Key Levels: 
 
 Support: $264 (flipped from resistance).
 Resistance: $273-$275 (premium zone).
 Stop Loss: Below $262 (recent consolidation).
 Setup Score: 8/10
 Strong breakout above premium zone confirms bullish structure.
 Volume supports continuation of momentum.
 

 Smart Money Analysis: 

Accumulation visible at $248-$252 (equilibrium zone).
Breakout suggests institutional buying activity.
No significant divergences present, reinforcing the bullish bias.

 Trade Recommendation: 
 
 Long Entry: At current price ($267.96).
 Targets:
 T1: $273 (premium zone retest).
 T2: $280 (psychological level).
 Stop Loss: Below $262.
 
 
 Notes: 
 
 
 
 
 Consider a pullback to $264 for a better risk/reward entry.
 Watch volume closely to confirm continuation toward targets.
 Confidence Level: 8/10 for bullish continuation.
 

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