SOL/USDT 1H: Bullish Structure Holding – $240 Next?!SOL/USDT 1H Chart Analysis
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Current Market Structure:
• Price at $217.22, showing bullish momentum after breaking key resistance at $216.
• Hidden Bullish Divergence confirmed on RSI, signaling potential continuation.
• Volume increasing, indicating Smart Money accumulation.
Smart Money Concepts:
• Market Makers engineered a liquidity grab below $208, shaking out weak hands.
• Accumulation phase complete, transitioning into markup phase targeting premium zones.
• Premium zone resistance remains at $232-$240.
Key Levels:
Entry Zone: $216-$218
Targets:
T1: $232 (previous supply zone)
T2: $240 (psychological resistance)
Stop Loss: Below $204 (recent swing low).
Risk Score:
7/10 - Favorable risk-reward ratio with clear invalidation levels.
Market Maker Intent:
Accumulation at discount zones appears complete. Expect price continuation toward $232-$240 liquidity pools. Watch for strong reactions at premium zones.
Recommendation :
Long positions favorable within the $216-$218 range. Monitor buy volume confirmation on breakout above $232. Keep tight stops to protect against unexpected volatility.
Confidence Level:
8/10 for bullish continuation toward premium zone.
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