SOL/USDT 1H: Accumulation in Play – Rebound to $208?
2025-02-08
Category: None

SOL/USDT 1H:Analysis 
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 Current Market Analysis: 
 
 Price at $197.49, rejecting at the $204 FVG (Fair Value Gap).
 RSI indicating potential hidden bullish divergence, suggesting underlying strength.
 Market structure forming lower highs, with key resistance at the $204-$208 zone.
 
 

 Trade Setup: 
 
 Confidence Level: 7/10 – Favorable setup but requires confirmation.
 Entry: Wait for a retest of $196 support before entering.
 
 
 Targets:
 T1: $204 (FVG fill).
 T2: $208 (Premium zone).
 Stop Loss: Below $192 (recent swing low).
 
 Risk Score: 
 
 7/10 – Decent R:R setup, but potential liquidity grabs below $192 pose risk.
 
 Smart Money Analysis: 
 
 Accumulation likely occurring within the $192-$196 range.
 Market Makers building liquidity below $192, possibly targeting a stop hunt before reversal.
 
 Recommendation: 
 
 Wait for confirmation of support at $196 before entering long positions.
 Increased volume is necessary to confirm a bullish move.
 Be patient and watch for a liquidity sweep below $192 for a potential reversal entry.
 
 Confidence Level: 
 
 7/10 – Bullish bias in play, but confirmation needed for execution.
 
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