SOL/USDT 1H: Bears Pushing Lower – Can $200 Hold ?
2025-02-03
Category: None

SOL/USDT 1H Chart Analysis
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 Market Condition: 
 
 Price: $201.93, showing strong bearish momentum.
 Market Structure: Lower highs & lower lows confirm bearish trend.
 RSI: 35.89, oversold but not extreme yet.
 
 Key Levels: 
 
 Major Resistance: $216 (Previous support turned resistance).
 Current Support: $200 (Psychological level).
 Next Major Support: $196 (Discount Zone).
 
 Smart Money Analysis: 
 
 Market Makers likely engineering liquidity below $200.
 Hidden Bearish Divergence on RSI, signaling continuation of downtrend.
 Risk Score: 8/10 (High-risk environment).
 
 Recommendation: 
 
 📌 Wait for confirmation before entering longs. Look for:
 Price reclaiming $208.
 Bullish RSI divergence forming.
 Volume spike confirming reversal.
 
 Potential Long Setup If Reversal Happens: 
 
 Entry: Above $208 (only if confirmation is present).
 Targets:
 T1: $216.
 T2: $224.
 T3: $232.
 Stop Loss: Below $196.
 Confidence Level: 6/10 (Not high enough for full position recommendation in current conditions).
 
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