SOL on the 4-hour timeframe is forming a potentially bullish setup, but patience is key as price nears a critical reversal zone.
🧠 Market Context:
After a strong move up in late June, SOL faced heavy rejection near $155–$157, which aligns with both a supply zone and a long-term descending trendline (visible across higher timeframes).
Since then, we’re seeing a series of lower highs, signaling ongoing seller control in the short term.
🔄 Short-Term Price Action:
The recent candles form a rounded consolidation, with volatility compressing.
Price is expected to retest the $143–$144 area, highlighted as the "Reversal Area" on the chart.
This area previously acted as a pivot and may serve again as a demand zone.
🛠️ Trade Plan:
Wait for a reaction at $143–$144: either a bullish engulfing, hammer, or strong volume candle to confirm buyer presence.
If reversal occurs, potential move is toward $150–$152, where price meets the long-term descending trendline again.
This setup aligns with a classic "higher low" formation before continuation.
❌ Invalidation:
Clean break below $142 with strong volume would invalidate the short-term bullish thesis and may open up downside to $138.
✅ Summary:
Bias: Bullish on confirmation
Reversal Zone: $143–$144
Target: $150–$152
Invalidation: Below $142
This setup provides a low-risk, high-reward opportunity — but only with a confirmed reversal. Let the market show its hand.
🧠 Market Context:
After a strong move up in late June, SOL faced heavy rejection near $155–$157, which aligns with both a supply zone and a long-term descending trendline (visible across higher timeframes).
Since then, we’re seeing a series of lower highs, signaling ongoing seller control in the short term.
🔄 Short-Term Price Action:
The recent candles form a rounded consolidation, with volatility compressing.
Price is expected to retest the $143–$144 area, highlighted as the "Reversal Area" on the chart.
This area previously acted as a pivot and may serve again as a demand zone.
🛠️ Trade Plan:
Wait for a reaction at $143–$144: either a bullish engulfing, hammer, or strong volume candle to confirm buyer presence.
If reversal occurs, potential move is toward $150–$152, where price meets the long-term descending trendline again.
This setup aligns with a classic "higher low" formation before continuation.
❌ Invalidation:
Clean break below $142 with strong volume would invalidate the short-term bullish thesis and may open up downside to $138.
✅ Summary:
Bias: Bullish on confirmation
Reversal Zone: $143–$144
Target: $150–$152
Invalidation: Below $142
This setup provides a low-risk, high-reward opportunity — but only with a confirmed reversal. Let the market show its hand.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。